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21 Jul
12:45

Vale signs iron ore supply contract with JFE

Vale says it has signed a new agreement to supply iron ore to Japanese steelmaker JFE Steel. The deal will be executed through Japanese trading house Mitsui & Co as a related party transaction, Kallanish reads in a note issued by the Brazilian miner. The miner has agreed to supply 280,000 tonnes of iron ore to its partner by March 2023. “The value of the supply will vary according to the raw material’s price, volume sold and foreign exch…
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