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Rival Traders Compete For Glencore’s Nyrstar Zinc Deal
Nov. 21, 2012 10:40AM PST
Base Metals Investing Commodity traders Trafigura and Traxys are in the running to take over an exclusive deal to buy roughly $700 million a year worth of zinc from the worlds Number 1 producer Nyrstar, trade sources said.
Commodity traders Trafigura and Traxys are in the running to take over an exclusive deal to buy roughly $700 million a year worth of zinc from the worlds Number 1 producer Nyrstar, trade sources said.
As quoted in market news: Duncan Hobbs – Macquarie Analyst
It’s not often that the opportunity to direct 350,000 tonnes of zinc comes up in the market and in a single go, and it’s a long-term opportunity.