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

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...

Published

Mark Burton

January 22, 2014

15:08 GMT

London