Trafigura was the first international trading firm to make a major co-investment in a Chinese domestic smelting business.
Our 30 percent stake in one of the largest standalone copper smelters, a 400,000 tonne per annum facility in Guangxi province on the country’s south coast, is linked to a multi-year commercial agreement. Trafigura now supplies 30 percent of its concentrates and offtakes 30 percent of its copper cathode production.
The commercial collaboration brings together two companies with complementary strengths. Majority stakeholder Jinchuan Group is China’s third-largest copper producer. Its heartland is in the north-west of the country, from where it serves the domestic market. Trafigura’s global network and trading expertise gives access to international suppliers, diverse financing and lower costs.