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Strategic Autonomy for Sale: How Trafigura Took Europe’s Zinc Shield
When De Tijd highlighted zinc’s vital role in the green transition, it might have sounded like a niche industrial story. Zinc may not appear on the European Commission’s list of “critical” materials, but its byproducts — germanium, indium, and gallium — are indispensable for semiconductors, fiber optics, batteries, and advanced defense systems. These rare metals place zinc smelters like Nyrstar at the heart of a geopolitical contest. As demand for critical minerals surges, Eu
Nov 143 min read


The Hidden Winners of the Global Commodities War
As geopolitical tensions and fears of war escalate, the race for strategic raw materials has reached a fever pitch among the world’s major power blocs. Commodity giants such as Glencore and Trafigura are cashing in on global scarcity, posting record-breaking profits that underscore their growing dominance in the global supply chain. Traders Thrive Amid Geopolitical Turmoil A recent Bloomberg article confirms that the world’s top metal traders are among the biggest beneficiari
Nov 112 min read


Complex Governance Reduces Belgium’s Market Watchdog to a Wagging Puppy
“Together, we can make our societies open for business but closed for crime.” The words of Belgian Prime Minister Bart De Wever at the United Nations still resonate as I work my way through the 146-page decision of the FSMA Sanctions Committee on market manipulation at Nyrstar NV. The Committee’s mandate was clear: to determine the sanctions for four violations identified by the FSMA’s auditor after years of investigation. His exhaustive reports left little doubt that Nyrstar
Oct 145 min read


Delayed criminal investigation undermines investor confidence
Minority shareholders who suffer huge losses are left waiting for years, while courts, despite their best efforts, lack the resources to...
Sep 232 min read


Good corporate governance is not a checkbox exercise.
In this short video, Bart De Smet, Chairman of the Corporate Governance Committee, reflects on the independence of board members and the...
Sep 162 min read


Finally, clear language from the Justice Department
Minister Annelies Verlinden is requesting an additional €1 billion for structural investments in her department. Her message is sobering:...
Sep 142 min read


FSMA considers direct summons
The imminent introduction of multiple voting rights is currently sparking controversy in the media over whether sufficient consideration...
Sep 52 min read


Protect minority shareholders when introducing multiple voting rights
Listed companies will soon be able to introduce multiple voting rights in addition to double voting rights. Without robust checks and...
Sep 43 min read


The recent articles in De Tijd about Nyrstar's activities in Belgium evoke mixed feelings.
Yes, a battery park in Balen provides job security and contributes to the energy transition, and we can only applaud that. And yes,...
Sep 22 min read


Inertia as a tactic: Trafigura's ‘Belgian Torpedo’
The wheels of justice turn slowly – too slowly – and this undermines the credibility of the rule of law. In an opinion piece in De Tijd,...
Jul 182 min read


The EU dreams of autonomy, but is selling its future to the highest bidder.
“You're losing.” With these harsh words, Jamie Dimon, CEO of the world's largest bank, addressed Europe today in the Financial Times....
Jul 102 min read


Board of Directors under fire at General Assembly Nyrstar NV : €5 million per year for an empty shell
Minority shareholders sound the alarm about poor governance, conflicts of interest, mismanagement, and excessive spending. Nyrstar NV, a...
Jun 255 min read


Nyrstar's board of directors is sinking further into its self-created quagmire.
Another unexpected twist in the Nyrstar case: Kris Peeters withdraws as candidate director. What could be going on? Kris Peeters - ©...
Jun 192 min read


A Sector Ban to Restore Trust in Corporate Governance
The integrity of corporate governance is under increasing scrutiny — and rightfully so. Belgium’s recent history has shown how vulnerable...
Jun 152 min read


Critical Minerals, Critical mistakes: The Nyrstar report Europe Can't Ignore
In recent posts, I warned about Europe’s eroding grip on critical industrial capabilities. Now, new evidence from Australia confirms just...
Jun 41 min read


Europe Gave Away the Keys to its Strategic Future
While the EU voices its ambitions for strategic defence autonomy, technological leadership, and green transition goals, it has quietly...
May 302 min read


Europe's Green Dream is Being Built on Borrowed Zinc
Last April, De Tijd warned that Europe must build 40 new mines and metal factories by 2030 to meet its own green transition targets — a...
May 232 min read


The Erosion of Legal Ethics: When Law Firms Serve Power Over Principle
Opinion: Recent events have cast a spotlight on the troubling role of major law firms in enabling corporate misconduct. Law professor ...
May 41 min read


The Masks Are Off: Allen & Overy Sells Its Soul (Again)
It’s official: Allen & Overy Shearman (A&O) has inked a deal with Donald Trump. A&O is one of five so-called “elite” law firms that have...
Apr 172 min read


Italy’s biggest refinery in crisis three years after sale by Russia’s Lukoil
Another case of the #CuckooStrategy in action. Trafigura ’s playbook is becoming painfully familiar: leverage special situations emerging...
Apr 122 min read
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