01
Sep
01:00
Trafigura ships its first iron ore from Brazil to China
Multinational commodity trader Trafigura has loaded its first shipment of iron ore destined for China from its MMX Sudeste complex in Minas Gerais state in Brazil, local reports suggest. The ore is being shipped in an 80,000-tonne carrier, sources say.
In 2014, the Amsterdam-headquartered Trafigura and Abu Dhabi’s Mubadala sovereign wealth fund acquired 65% of the port and complex from MMX, the mining company founded by the EBX conglomerate in 2005. As…
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Very good overview of the weekly steel market.
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