Trafigura to buy 30 pct of Jinchuan copper smelter in China
HONG KONG, Feb 21 (Reuters) – Global commodity trader Trafigura said it would buy 30 percent of Jinchuan Group’s copper smelter in southern China, the first time a foreign firm has taken a major stake in such a facility in the world’s top consumer of refined copper.
The deal, for an undisclosed amount, comes as the Switzerland-based company looks to get a leg up on international rivals such as Glencore Xstrata and Louis Dreyfus Commodities indoing business in the world’s No.2 economy.
Read more at: http://www.reuters.com/article/2014/02/21/trafigura-jinchuan-idUSL3N0LQ0XH20140221
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