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Rana Gruber AS ( (DE:7XH) ) has shared an update.
Rana Gruber has secured fixed freight rate agreements for 2026 at $19.7 per metric ton for 60,000 metric tons per month, totaling 720,000 metric tons for the year. This strategic move aims to mitigate the impact of freight market fluctuations on the company’s cash flow, providing more stability in financial operations.
More about Rana Gruber AS
Rana Gruber is a Norwegian iron ore producer established in 1964, leveraging over 200 years of mining experience. The company processes natural mineral resources and exports them globally, primarily serving steel producers and the chemical industry. With approximately 370 employees, Rana Gruber has a production capacity of 1.8 million metric tons of iron ore concentrates.
YTD Price Performance: -12.85%
Average Trading Volume: 147
Technical Sentiment Signal: Strong Buy
Current Market Cap: €203.8M
Learn more about 7XH stock on TipRanks’ Stock Analysis page.