Magnesita’s Q3 loss increases almost 50-fold due to write-offs

By Liz Gyekye
Published: Friday, 13 November 2015

Despite posting an increase in net operating revenues, the Brazilian refractories producer has reported a significant loss for the third quarter of 2015 as a result of exceptional events in the company’s Brazilian, European and Chinese operations.

Brazil-based Magnesita Refratarios saw its losses widen 48-fold to Brazilian real (R$) 902.5m ($236.29m*) for the third quarter of 2015, compared to R$18.3m ($4.79m) the previous year, due to write offs in its struggling Chinese and Brazilian businesses.

In a statement, the company said that...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.