Hi Joseph,
thanks for reply.
for joint marketing
…with commodities group Glencore to jointly market some 50,000 metric tons…
But anyway, maybe I misunderstood the translation,
The amount of $400 million will be paid in advance in 2023 and the quantities will be sold at market price for five years, he(CFO) explained.
Assume a market price of US$30,000.
Then Glencore has secured a right of first refusal?
So then they would still have to pay Eramet the difference from the market price, $22,000, right?
Smith71
Ann: Quarterly Activities and Cash Flow Report, page-27
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