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EU: Second-place metals trader eyes zinc to boost status

 |  October 30, 2014

The world’s second-largest metals trader, Netherlands-based Trafigura, is reportedly eyeing a potential acquisition of Nyrstar, based in Belgium.

According to reports, Trafigura is hoping to increase its zinc operations through a possible buyout as mine closures and declining supplies are expected to hike prices of the material.

Unnamed sources say Trafigura, which already owns more than 10 percent of Nyrstar, may look to double its stake. The move could allow the Dutch firm to nab more marketing rights for both lead and zinc to take advantage of Nyrstar’s sales agreement made with rival Noble last year.

Full content: Reuters

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