trending Market Intelligence /marketintelligence/en/news-insights/trending/u4wzeqy7dj6leru86l5gdq2 content esgSubNav
In This List

American Pacific enters 2nd potential off-take with Chinese state-owned company

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


American Pacific enters 2nd potential off-take with Chinese state-owned company

American Pacific Borate & Lithium Ltd. said May 30 that it entered into another cooperation agreement with a Chinese state-owned company to sell boric acid from its Fort Cady borate project in Southern California.

The company intends to finalize a five-year sales contract with China National Machinery Industry Corp. subsidiary China National Chemical Fiber Corp. from the project's phase-one production of 82,000 tonnes.

By Dec. 31, the companies will also negotiate expected long-term tonnage from the second phase of the mine's production.

Earlier this week, American Pacific entered into a nonbinding strategic cooperation agreement with a unit of Chinese state-owned enterprise Sinochem Group for potential annual off-take of up to 40,000 tonnes of boric acid.