Adriatic Metals diversifies zinc-silver concentrate offtake agreements
2022-04-21 14:10:04 [Print]
UK-based Adriatic Metals announced on April 20 that it has agreed 'heads of terms' with four international commodities trading and smelting companies for the purchase of zinc and silver-lead concentrate from its Vares silver project in Bosnia.
The company says its aim is to maximise revenues whilst reducing the ongoing risk associated with turbulent freight markets and the impact of the evolving European energy crisis amidst the conflict in Ukraine.
According to management, final contract negotiations are underway with the zinc concentrate earmarked for sale to metal trading warehouses Trafigura, Transamine SA and an unnamed European smelter with the silver-lead concentrate destined for Glencore International AG and Transamine SA.
Under the preliminary trading agreements, the offtake companies have been allocated 82% of the total projected concentrate for the first 24 months.
The company says its aim is to maximise revenues whilst reducing the ongoing risk associated with turbulent freight markets and the impact of the evolving European energy crisis amidst the conflict in Ukraine.
According to management, final contract negotiations are underway with the zinc concentrate earmarked for sale to metal trading warehouses Trafigura, Transamine SA and an unnamed European smelter with the silver-lead concentrate destined for Glencore International AG and Transamine SA.
Under the preliminary trading agreements, the offtake companies have been allocated 82% of the total projected concentrate for the first 24 months.
Zinc Conc. 50%min EXW North China
Unit:RMB/mt Zn
China zinc concentrate producers' inventory to production ratio statistics by province by month
Unit: %
