Brazil's CSN Mineracao gets long-term deal to supply iron ore to Glencore
SAO PAULO, Jan 17 (Reuters) - Brazil's CSN Mineracao SA said on Tuesday it has reached a deal for a long-term
supply of iron ore to Swiss trader Glencore.
The agreement includes a prepayment of up to $500 million
from Glencore for the supply of about 13 million tonnes through
four years starting 2024, CSN Mineracao said in a securities
(Reporting by Gabriel Araujo; Editing by Steven Grattan)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.