Question · Q3 2025
Carlos Alba inquired about the implicit volume growth and potential pricing changes within the new automotive contracts, and also asked for early details on the type of rare earth mineralization and a timetable for feasibility studies.
Answer
Chairman, President, and CEO Lourenco Goncalves stated new auto contracts would generate 'a lot more margin' and highlighted Cleveland-Cliffs' extensive capacity across nine plants to support growing automotive demand in North America. Regarding rare earths, he confirmed the presence of minerals but declined to discuss specific elements or a feasibility timetable at this early stage.