ICL indicators higher-priced Chinese language potash agreements


ICL (TASE: ICL: NYSE: ICL) at present reported that it has signed framework agreements for provide of potash to its clients in China for the following three years (2022-2024). ICL added that costs for the portions to be provided based on the framework agreements will likely be set based on the prevailing market costs in China on the related date of provide.

As a part of the 2022-2024 Chinese language Agreements, ICL stated that it has signed contracts with its clients in China to provide 700,000 metric tons of potash, with mutual choices for extra 250,000 metric tons, to be provided by the tip of 2022.

The agreed promoting worth within the contracts is $590 per ton. In different phrases ICL will obtain $413 million for 700,000 metric tons with an extra $147.5 million if the choice for the 250,000 metric tons is taken up.

The common worth per ton that ICL earned in 2021, based on its monetary report, was $337.

ICL’s share worth closed up 0.99% on Wall Avenue yesterday at $10.20, giving a market cap of $13.129 billion. The corporate’s share worth is presently 2.45% increased.

Printed by Globes, Israel enterprise information – en.globes.co.il – on February 17, 2022.

© Copyright of Globes Writer Itonut (1983) Ltd., 2022.


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