November 6, 2018 / 5:56 AM / 3 months ago

China Minmetals signs 20 mln T iron ore purchase agreement with Brazil's Vale

SHANGHAI, Nov 6 (Reuters) - 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. (Reporting by David Stanway; Writing by Dominique Patton; Editing by Joseph Radford)

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