Archie Steelman schreef op 3 mei 2017 17:21:
Underlying Steel and Metal Ore Global Demand Appears to Remain Firm
NEWS PROVIDED BY
MarketNewsUpdates.com
08:25 ET
PALM BEACH, Florida, May 3, 2017 /PRNewswire/ --
Metal iron ore prices appear to have stabilized recently, but if futures markets are anything to go by, prices could rise again. Iron ore futures are showing gains again, up by 4.6% and climbing. Natural Resources / Industrial Commodities Companies with performances and developments in the market include: Cliffs Natural Resources Inc. (NYSE: CLF), CD International Enterprises, Inc. (OTC: CDII), ArcelorMittal (NYSE: MT), Steel Dynamics, Inc. (NASDAQ: STLD), AK Steel Holding Corporation (NYSE: AKS).
CD International Enterprises, Inc. (OTC: CDII), a U.S.-based company that sources industrial commodities and provides business and management corporate consulting services, today announced that CD International has entered into a letter of intent with a Honduras-based company to purchase iron ore (62% to 63% Fe). Per the letter of intent, CD International agrees to purchase 100,000 metric tons of iron ore (62% to 63% Fe) per month over a period of 12 months. The total shipment over a period of 12 months will be 1.2 million metric tons of iron ore. The monthly supply can be increased to 500,000 metric tons per month or 6 million metric tons of iron ore per year.
The initial 12 months contract of 1.2 million metric tons of iron ore values approximately $84 million on basis of the current CIF China price. Read this and more news for CDII at:
marketnewsupdates.com/news/cdii.htmlDr. James Wang, Chairman and CEO of CD International commented on the letter of intent, "We are pleased to enter this letter of intent, as we have been proactively sourcing iron ore supply for our Chinese clients. This newly sourced supply could provide us a stable supply of iron ore for our clients in China. Under our new mineral trading model, we believe we can create a profit center while we limit exposure of our capital to market risk. Imported iron ore to China will continue at the levels we are seeing now, or perhaps even grow as we go forward. We actively pursue new mineral suppliers for our clients in China, in both South and North America. As we move forward, we believe we are well positioned to take advantage of increasing demand of iron ore by China in years to come."