28
Oct
09:16
KIOCL, Glencore ink iron ore pellets export pact
India’s state-run KIOCL has signed a non-binding memorandum of understanding with Glencore International AG (GIAG) on 25 October, for the supply and export of iron ore pellets.
The agreement will be valid for one year, during which KIOCL will supply pellets to GIAG for further sale by the latter in the South Korean, European, and other non-Chinese markets, Kallanish notes.
KIOCL aims to cater to the non-Chinese market, owing to China’s decision to cur…
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