ICL (ICL) Provides Updates on Chinese Potash Agreement and 2023 EBITDA Guidance
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ICL Provides Updates on Chinese Potash Agreement and 2023 EBITDA Guidance
June 22, 2023 6:44 AM EDTLower-than-expected contract price and delayed market recovery to impact annual EBITDA guidance
TEL AVIV, Israel--(BUSINESS WIRE)-- ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals company, today announced an update to its 2022 to 2024 framework agreement with its customers in China. The company has agreed to supply those customers with an aggregate amount of 800,000 metric tons of potash during 2023, with mutual options for an additional 350,000 tons. The agreed upon price is $307 per ton, which aligns with recent contract settlements.
Due to the lower-than-anticipated potash... More

