Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

Trafigura Group Pte. Ltd. is a Singapore-incorporated multinational commodity trading company founded in 1993 that trades in base metals and energy. It is the world's largest private metals trader and second-largest oil trader having built or purchased stakes in pipelines, mines, smelters, ports and storage terminals.

Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back
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Commodity trader Trafigura Group is in talks to buy aluminum from United Co. Rusal International PJSC, highlighting its willingness to strike new deals with Russian companies even as its biggest rival balks. Among the trading houses, Trafigura has actively sought new deals to buy and sell Russian metal, according to people familiar with the matter, as it moves to steal a march on rival Glencore Plc — which remains a major buyer of Russian aluminum but has said it won’t do new business in the country.

The Company Statement
November 16, 2023

Freeze investments and stop purchasing crude oil from Rosneft from May 15. Following a review of options in respect of its 10 percent non-operational, passive shareholding in Vostok Oil, Trafigura has now exited its investment; maintain shareholding in Russia. Suspend all business activities indefinitely & exit Russia, but sells Russian oil. Trafigura terminated its long-term offtake contracts for crude oil and petroleum products with state-owned Russian producers in advance of European sanction…. "Since then, we have not purchased Russian origin crude oil. We continue to comply with applicable sanctions".

April 20, 2024The world's two largest metals traders, Trafigura Group and Glencore Plc, are set to withdraw large volumes of aluminum from the London Metal Exchange in a complex deal made possible by new UK sanctions on the Russian metal.
January 26, 2024Trafigura Tanker Carrying Russian Fuel Struck by Houthis
October 29, 2023Traders and Banks Strike Deals in Russian Metals as Taboo Fades
April 05, 2023Russia's Sibur exports LPG to Africa, Middle East and Asia as EU cuts buying
March 21, 2023Big Oil Traders Stay Circumspect on Reviving Russia Dealings
February 27, 2023Trafigura Lines Up Russia Aluminum Deal in Challenge to Glencore
January 11, 2023Trafigura sells out of Russia-backed Indian refiner Nayara Energy
December 05, 2022Letter sent by B4Ukraine to the company and the response provided
August 26, 2022Trafigura Sells Russian Fuel to Ecuador as EU Ban Approaches
May 13, 2022Trafigura completes the exit of its investment in Vostok Oil
May 02, 2022Trafigura statement regarding the war in Ukraine
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