IBC Advanced Alloys (CVE:IB) reports that it has signed long-term supply agreements for beryllium and beryllium copper master alloy with Ulba Metallurgical Plant.

The Agreements are a part of IBC and Ulba’s longstanding supply relationship and are further to the letter of intent recently signed with Kazatomprom. The letter of intent, previously announced on November 23, 2009, is intended to strengthen the companies’ existing relationship by addressing supply agreements and other mutually beneficial initiatives related to the beryllium industry. Under the terms of the Agreements, Ulba and IBC have committed to favourable multiple-year supply commitments for beryllium metal and beryllium copper master alloys. These Agreements will allow better forward planning practices for both companies and also support Ulba and IBC’s international growth initiatives.

Anthony Dutton, President and CEO of IBC Advanced Alloys says:

“We are very pleased to have signed these important long term supply agreements with Ulba.” “Ulba is an acknowledged global leader in the beryllium sector and also an important strategic partner for IBC and we look forward to working closely with them as we build our business together.”

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For IBC Advanced Alloys company profile, click here.

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