ICL (TASE: ICL: NYSE: ICL) at present reported that it has signed framework agreements for provide of potash to its prospects 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 can 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 mentioned that it has signed contracts with its prospects in China to produce 700,000 metric tons of potash, with mutual choices for extra 250,000 metric tons, to be provided by the top of 2022.
The agreed promoting value 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 value per ton that ICL earned in 2021, in line with its monetary report, was $337.
ICL’s share value closed up 0.99% on Wall Avenue yesterday at $10.20, giving a market cap of $13.129 billion. The corporate’s share value is at present 2.45% greater.
Printed by Globes, Israel enterprise information – en.globes.co.il – on February 17, 2022.
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