Lucio Genovese, Chairman of Ferrexpo, revealed plans to resume iron ore pellet exports to Japan within the next few years, leveraging the reopened Black Sea trade route. This move will not only restore Ferrexpo's 10% share of Japan's iron ore pellet demand but also boost global exports. The company faced export halts due to Black Sea port closures amid Russian aggression. In 2023, Ferrexpo's iron ore production decreased by 33.5%, with pellet output down by 36.5%