Australia's Metro Mining hits 2-month high on agreement with Chinese firm

Metro Mining

21/03/2022 01:05

** Shares of Metro Mining Ltd  MMI.AX  gain as much as 8.9%
to A$0.031, their highest since Feb. 17 and rising for the
second consecutive day    
    ** The bauxite explorer says it has secured additional
offtake agreements with China's Xinfa Aluminium Group for
equivalent of 1.0 million Dry Metric Tonnes  urn:newsml:reuters.com:*:nFWN2VM038
    ** Adds that co's contracted tonnage for 2022 now totals 3.8
million Wet Metric Tonnes, with about 40% to be priced through
the balance of the year
    ** Shares see best day since March 9 - if gains hold 
    ** Stock has risen 33.3% this year, as of last close

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))