Copying and distributing are prohibited without permission of the publisher

Vedanta Zinc signs 80,000-tonne Namzinc exports deal with Louis Dreyfus, rival trading house

January 22, 2014 - 15:08 GMT Location: London

KEYWORDS: Vedanta Zinc , Namzinc , Skorpion , Louis Dreyfus , zinc , SHG , zinc premiums

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...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

subscribe to this feed Comment & analysis

Upcoming Events

MB Glossary

From Aluminium to Zinc...
Search this free glossary on metals

Try the new Metal Bulletin BETA site...

We've added some great new features and tools which we think you'll find useful including:

  • Easier to find the content suitable for you
  • Improved Price Book functionality
  • Better search function

Simply click 'Yes please' below to go straight to the BETA site (you can return to the original site any time you wish).