China Minmetals signs 20m tonnes iron ore purchase agreement with Brazil’s Vale
SHANGHAI – State-owned metals and mineral trading firm China Minmetals signed a 20 million tonne iron ore purchase agreement with Brazilian mining giant Vale on Tuesday.
The agreement was signed during a ceremony at the China International Import Expo in Shanghai.
China is the world’s biggest consumer of the steelmaking ingredient.
Minmetals also signed a 2,400 tonne nickel briquette purchase agreement with Japan’s Sumitomo Corp. That was for purchases over a five-year period.
(By David Stanway and Dominique Patton; Editing by Joseph Radford)
More News
Rio Tinto’s bid for Glencore piles pressure on BHP
If BHP keeps out of the current talks, it may consider another deal to retain its leadership.
January 11, 2026 | 07:49 am
SEC to drop long-running fraud case against ex-Rio Tinto CFO over African coal assets
January 11, 2026 | 06:59 am
{{ commodity.name }}
{{ post.title }}
{{ post.date }}
Comments