Sweden’s LKAB reports fall in pellet deliveries in Q1 CY’21

LKAB – a Swedish mining company today released its operational results for the first quarter of CY’21. Let’s take a look at the main highlights of their quarterly report:

1. Production of iron ore products remained stable y-o-y at 7.4 mn t.
2. Deliveries of iron ore products decreased by 5% y-o-y to 6.9 mnt, with pellets accounting for 88%.
3. Net sales for the quarter increased by 52% y-o-y, mainly due to higher prices for highly upgraded iron ore products.