Shanghai copper merchant Alfar Resources winding down trading book

Copper-focused trading house Alfar Resources is in the process of winding down their metals book for a December closure, several informed market sources told Fastmarkets.

The Shanghai-based company, founded by former ARC Resources senior executive Tony He five years ago, began to sell off remaining physical inventory ahead of the shutdown in the past few weeks, market sources said.

Long-term copper supply contracts have already been transferred to...

Published

Archie Hunter

Julian Luk

August 05, 2020

10:40 GMT

London