Kyen Resources buys 65kt metals book from Gunvor

Kyen Resources has acquired Gunvor’s 65,000-tonne metals book for an undisclosed sum, a source from Kyen told Metal Bulletin on Tuesday June 21.

The move follows Gunvor’s decision to wind down its metals trading and warehousing business in February, and comes as Singapore-based Kyen looks to expand further in the Chinese market.

Gunvor, which is among the world’s largest energy traders, set up the metals trading desk...


Mark Burton

Shivani Singh

June 21, 2016

15:23 GMT