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Vol 51 No 11

Published 28th May 2010

Out of Africa and into Asia

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.

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