Lloyds Metals Reports Record First-Half Iron Ore Production of 10 Million Tonnes

Lloyds Metals and Energy has reported its strongest first-half operational performance ever, with iron ore production reaching 10 million tonnes in the first half of Financial Year 2026–27.

The company said iron ore output rose 36% year-on-year from 7.4 million tonnes in the corresponding period of the previous financial year. The performance keeps Lloyds Metals on track towards its stated target of producing 26 million tonnes of iron ore during Financial Year 2026–27.

The production figure excludes 8.7 million tonnes of low-grade ore, or BHQ, which the company plans to process after its beneficiation plants are commissioned.

Pellet production also recorded a sharp increase during the period. Lloyds Metals produced 3.8 million tonnes of pellets in the first half, compared with 0.8 million tonnes in the same period last year, marking a 372% year-on-year increase.

The company has already commissioned its second 4-million-tonne pellet plant, taking annual pellet capacity to 8 million tonnes. According to the company, first-half production represented full capacity utilisation and marked a rapid ramp-up following commissioning.

Direct Reduced Iron production stood at 343,064 tonnes in the first half, compared with 167,812 tonnes a year earlier. This represents a 104% year-on-year increase, with the company indicating that DRI capacity utilisation has remained above 90% on a consistent basis.

Lloyds Metals also reported 4,389 tonnes of copper production during the first half. The figure includes residual production from the Chemaf plant during the first quarter of the financial year.

The latest operational update highlights the increasing contribution of value-added products to Lloyds Metals’ overall production mix. Higher pellet and DRI output, alongside strong iron ore production, gives the company a broader operating base across its mining and steel-related activities.

The company’s first-half performance comes as it continues to expand its processing capabilities and improve utilisation across key facilities. The ramp-up of pellet production and higher DRI output will remain important areas to watch as Lloyds Metals progresses through the second half of Financial Year 2026–27.

For the company, the immediate focus will be on sustaining production levels, commissioning beneficiation capacity and moving closer to its full-year iron ore production target.

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Lloyds Metals and Energy recorded its highest-ever first-half iron ore production at 10 million tonnes, while DRI and pellet output also posted strong year-on-year growth.

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