A recap of what has been going on during the summer
Despite COVID-19 weighing on market sentiment and casting a shadow on the global economy, Swedish Stirling has managed to keep the wheels turning. As we have previously mentioned, the company has struck three interesting LOIs (Letters of Intent) for 241 PWR BLOKs with existing customer Samancor (135 units) and new customers Richards Bay Alloys (18 units) and Glencore (88 units). Apart from the large amount of units, the LOIs represent great potential for actual PWR BLOK sales and higher pricing than we have previously expected. For more information, please also see our notes from 1 July and 8 July 2020.
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