According to the Reuters news agency, the Russian aluminum corporation Rusal has signed a contract with transnational mining corporation Glencore amounting to USD 16.3 billion.
During 2020-2024 the Russian company is to deliver a total of 6.9 million tons of aluminum. In the first year of the agreement, the delivery volume is agreed to 344 800 tons, and then it will grow to 1.6 million tons per year.
Earlier, Rusal had been supplying aluminum to Glencore as part of a similar long-term agreement, which expired in December 2018. Now the companies have signed a new contract.
More related posts
31 Mar 2020 Kazakhstan and Uzbekistan began production of new car models
26 Mar 2020 Restrictions on the Kyrgyzstan-Kazakhstan border to not affect railways
25 Mar 2020 The Pandemic Turned The World Back To Traditional Energy
24 Mar 2020 An "incredible crisis" is predicted for Saudi Arabia
24 Mar 2020 Belarus to consider measures supporting business against coronavirus