Trafigura to Boost Mongolia Metal Trading as ‘Giant Awakens’

Bloomberg reported Trafigura Beheer BV plans to expand in Mongolia to deliver more iron ore, coal and copper to the Chinese market.

As quoted in the market news:

It secured its first iron ore and coal supply agreements in the country in the past few months, Mikhail Zeldovich, head of Trafigura’s Russia and Mongolia unit, said in a telephone interview from Ulan Bator. Talks on more accords are in progress and Trafigura’s first Mongolian tin shipment is due this week, he said.

Click here to read the full Bloomberg report.