July 21 (Reuters) - Valence Industries Ltd VXL.AX :
* Valence signs 3 year graphite sales contract
* Says signed a binding three year multi-product graphite sales contract with a new customer
* Contract with this Asia pacific based customer provides for sales in excess of US$50 million over the next three years
* Benchmark pricing under the sales contract exceeds Valence industries' previously announced weighted average price of US$1,335 per tonne
* Source text for Eikon ID:nASX6chHrC