Cleveland-Cliffs outlines multiyear OEM contracts and $425M asset sales while advancing rare earths initiative
**Cleveland-Cliffs Outlines Multiyear OEM Contracts and $425M Asset Sales While Advancing Rare Earths Initiative**
*October 20, 2025 – 5:06 PM ET*
Cleveland-Cliffs Inc. (CLF) announced significant developments in its business strategy, highlighting multiyear Original Equipment Manufacturer (OEM) contracts alongside planned asset sales totaling $425 million. These strategic moves are part of the company’s ongoing efforts to strengthen its market position and drive long-term growth.
In addition to these commercial initiatives, Cleveland-Cliffs is advancing its rare earths initiative, aiming to capitalize on emerging opportunities in this critical market. This initiative underscores the company’s commitment to innovation and sustainability in its operations.
Stay tuned for further updates and detailed insights from the company’s upcoming earnings calls.
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