After another busy week in the Metal Bulletin offices, we take a look back at some of the big stories. Base metals Chinese cathode exports are largely responsible for this week’s surge in LME copper inventories, with a trading party using a series of smelter offtake agreements and long-term contracts to deliver material onto the...
Serial Systems is acquiring a majority stake in Print IQ, VIant Commodities has launched a Swiss JV and VIbrant Group is enlarging its stake in Sabana REIT’s manager. Serial Systems acquires 70% of Print IQ Serial Systems is acquiring a 70 per cent stake in Singapore-incorporated Print IQ in an effort to grow additional income...
Singapore’s Viant Commodities PTE Ltd said on Wednesday it has launched a joint venture with European copper products maker KME in Switzerland. The venture, Tekvalia AG, will be based in Zug and will focus on trading and distribution of copper products and services through the supply chain in Europe, Viant Commodities Managing Director Rene van...
A flurry of new metal trading desks that has sprung up this year reflects an industry realignment as bigger players downsize, but in a market still strapped for capital only the thriftiest will survive, industry sources said. At least six companies have won a mandate to expand their metals businesses in the past six months,...