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Commodity trading giant Trafigura Group has been exploring a range of potential deals involving its metals business, as it grapples with the unit’s future following a string of missteps.
Trafigura’s metals business has been under pressure for over a year, as profits shrunk and the company was hit by a massive alleged nickel fraud. The contrast with its hugely profitable energy traders has triggered tensions inside the company at a time when it is also facing questions about succession, with executives jostling for position after one of Trafigura’s longstanding leadership trio announced plans to retire next year.
The discussions highlight the drama playing out within Trafigura, one of the world’s largest traders of metals like copper, nickel and cobalt,
Photographer: Bloomberg Creative Photos/Bloomberg
Trafigura, …
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