Boliden signs framework agreement with China Minmetals

Boliden AB and China Minmetals Corporation have entered into a framework agreement for the sale of copper by Boliden to Minmetals.

“This is an important step towards building relations and establishing a direct channel to the Chinese market,” states Lennart Evrell, President and CEO of Boliden. Mr. Zhou Zhongshu, President of Minmetals, and Lennart Evrell, President and CEO of Boliden, signed the agreement at the Sweden-China Business Cooperation and Innovation Forum at Stockholm City Hall earlier today. The two companies have agreed conditions for the supply of approximately 36,000 tonnes of copper over a three-year period. The value at today’s copper price is USD 300 million.