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Vedanta Zinc signs 80,000-tonne Namzinc exports deal with Louis Dreyfus, rival trading house
January 22, 2014 - 15:08 GMT
Vedanta Zinc will sell 80,000-90,000 tonnes of special high grade zinc produced at the Skorpion mine and refinery in Namibia into export markets in 2014 under deals signed with Louis Dreyfus and a second trading house.
The contracts are not split evenly, and market sources said
Louis Dreyfus has secured the larger portion of
the Skorpion material, which is registered on the London
Metal Exchange under the Namzinc brand. In 2013, Vedanta ended
an exclusive marketing deal for the Namzinc brand with
Trafigura but still sold significant volumes to the trading
house. Lucerne-based Trafigura will continue to market a
portion of Namzinc material in 2014, market sources said.
Vedanta and Trafigura declined to comment. Louis Dreyfus had
not responded to a request for comment at the time of
publication. In addition to selling material to Louis Dreyfus
and the second trading house, Vedanta will also sell about
30,000-40,000 tonnes into the neighbouring South African
market, a source familiar with the deals told Metal...
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