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Trafigura Struck $400 Million Cash-for-Iron Ore Deal With MinRes

By Yahoo! Finance   |   3 months ago
Trafigura Struck $400 Million Cash-for-Iron Ore Deal With MinRes

Trafigura Group has secured a $400 million prepayment deal with Mineral Resources Ltd. for iron ore, aiming to boost its trading activities. Mineral Resources has been focusing on cash preservation amidst a decline in its key commodities, iron ore, and lithium.

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