Here’s why the Tombador (ASX:TI1) share price is rocketing 35% higher

The Tombador Iron Limited (ASX: TI1) share price is one of the best performers on the ASX market today. Its shares are rocketing 49% higher to 11 cents at the time of writing. This comes on the back of a signed offtake agreement with Trafigura.

Based in Singapore, Trafigura is one of the world’s largest commodity trading houses. The company provides services to connect producers, processors, and consumers in the oil and petroleum, metals, and minerals markets.

Let’s take a closer look at the agreement and what this means for the Trafigura share price. 

What’s pushing the Tombador share price higher?

The Tombador share price is on the move today after announcing a lucrative partnership deal.

According to its release, the…