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ICL (TASE: ICL: NYSE: ICL) immediately reported that it has signed framework agreements for provide of potash to its clients in China for the subsequent three years (2022-2024). ICL added that costs for the portions to be provided in line with the framework agreements shall be set in line with the prevailing market costs in China on the related date of provide.
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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 added 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 additional $147.5 million if the choice for the 250,000 metric tons is taken up.
The typical worth per ton that ICL earned in 2021, in line with its monetary report, was $337.
ICL’s share worth closed up 0.99% on Wall Road yesterday at $10.20, giving a market cap of $13.129 billion. The corporate’s share worth is at present 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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