omahahilostrategy| Minmetals Resources (01208): Kinsevere Mine Cobalt Concentrate Sales Agreement, Sales of US$300 million in 2024-2026

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Minmetals announced that it signed a sales framework agreement with Minmetals Nonferrous to sell crude cobalt hydroxide concentrate every year from 2024 to 2026, with an annual cap of 1.Omahahilostrategy03 million US dollars.

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[Minmetals Resources and MMGKinsevere signed a cobalt hydroxide concentrate sales agreement, with estimated annual sales of US $103 million from 2024 to 2026] Minmetals Resources (01208) recently issued an announcement announcing that it has signed a three-year agreement with MMGKinsevere SARL.OmahahilostrategyThe sales framework agreement. Under the agreement, Minmetals will purchase from MMGKinsevere crude cobalt hydroxide concentrates produced at the Kinsevere mine in the Democratic Republic of the Congo, with projected annual sales of US $103 million respectively from 2024 to 2026. As a major producer and distributor of metal products, Minmetals Resources covers copper, molybdenum concentrate and other metal products. The cooperation with MMGKinsevere will further enrich the product line of Minmetals resources and is expected to enhance the company's market competitiveness. It is worth noting that Minmetals made it clear in the announcement that the signing of the sales framework agreement is part of the company's daily and general business process. The company will sell some of its products to China Minmetals in accordance with the prices and terms consistent with the current market price and conditions of the products. In addition, Minmetals also stressed that the signing of the sales framework agreement will not affect the independence of the company. The company will continue to carry out business cooperation with all parties in accordance with the principle of marketization in order to realize the company's long-term development strategy. To sum up, the cooperation between Minmetals and MMGKinsevere will be a win-win result for both sides. For Minmetals Resources, this cooperation can not only enrich the company's product line and enhance market competitiveness, but also further consolidate the company's position in China's metal products market. For MMGKinsevere, the cooperation with Minmetals Resources will help it to expand its market share and improve the popularity and influence of its products. We hope that the cooperation between the two sides can achieve more results and inject more impetus into the development of both sides.