Pause operations: company temporarily curtailing operations while keeping return options open

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Privately owned and financed by major international banks and corporations. The company's annual turnover is. US$ 2.5 billion.

Pause operations: company temporarily curtailing operations while keeping return options open

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The Company Statement
October 29, 2023

Red Metal AG, a Swiss trading company that had been a significant buyer of Russian copper, has now wound down that business, according to Managing Director Milan Popovic. “Red Metal AG has completely terminated all contracts with Russian suppliers and the last delivery we received was on September 6, 2023,” he said, adding that the company would now focus on other countries including Serbia, Uzbekistan, Mongolia, China and Kazakhstan.

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