11
Dec
17:25
Glencore buys 10% stake in American Zinc
Natural resource company Glencore has bought a 10% stake in American Zinc Recycling Corp, which will serve as part of an off-take agreement for the company’s Mooresboro, North Carolina, zinc recovery facility.
Glencore has agreed to buy and sell the entirety of Mooresboro’s zinc metal output for the next 10 years, Kallanish understands. Financial terms of the deal were not disclosed, but the majority of the cash generated by the stake sale will be us…
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Anonymous
Very good overview of the weekly steel market.
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