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Vitol Bolsters Metals Expansion With $240 Million Iron Ore Deal

Vitol Bolsters Metals Expansion With $240 Million Iron Ore Deal

Bloomberg14-07-2025
Vitol Group signed its first multi-year financing deal for metals, as the energy trading giant ramps up its presence in the sector following a long stint out of the market.
The trading house entered a $240 million prepayment facility with a subsidiary of CIA Siderúrgica Nacional SA for the delivery of 6 million tons of iron ore over four years, Vitol said Monday in a statement.
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