AMG Advanced Metallurgical Group NV has reached a long-term agreement to supply 100% of its ferro-vanadium production to Glencore AG.
AMG’s Cambridge, Ohio-based subsidiary, AMG Vanadium, will allot the entirety of its ferro-vanadium production from its existing facility and any future Ohio facilities to Swiss-based Glencore, according to an AMG news release on Thursday September 26.
Terms of the deal, the effective date and length of the contract were not disclosed.
AMG Vanadium reached a two-year agreement beginning January 1, 2019, to supply 7 million lbs of ferro-vanadium to a large steel mill in the United States. It is unclear how the deal with Glencore will affect the agreement with the steel mill.
A spokesperson for AMG declined to provide further details.
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