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Some canny commodity traders are moving into Africa’s mining business to target the Asian market

Two of the world’s biggest and most controversial commodity traders, Trafigura and Glencore, are building up their metals businesses in Africa, to compete with Chinese rivals and meet demand from Asia. The aim is to control the supply chain from extraction to distribution. Both firms are based in tax-havens in Switzerland (Baar and Lucerne) and are notoriously secretive....

(This article contains approximately 1105 words)

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Keywords:

Chinese, Switzerland, Marc Rich, United States, Bill Clinton, Côte d’Ivoire, Zambia, India, Singapore, South African Ivan Glasenberg, Competition in Katanga, Rupiah Banda, Congo-Kinshasa, Canada, Martin Kabwelulu, Britain, Russian, Guinea, Nigeria, Namibia, Angola, Pierre Lorinet, Botswana, Générale des Carrières et des Mines, Companhia de Ferro de Angola