Trafigura, Shalina sign $600 mln financing deal to expand copper, cobalt supplies

Trading house Trafigura has concluded a $600 million financing and marketing deal with vertically-integrated copper cobalt producer Shalina Resources and its subsidiary Chemaf SA, it announced on Wednesday January 19, with the intention of increasing the supply of cobalt hydroxide and copper cathode.

The financing will enable the completion of the Mutoshi mine and the SX-EW processing plant in Kolwezi in the Democratic Republic of the Congo, the announcement said. It will also...


Justin Yang

January 19, 2022

13:45 GMT