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State Aid Is Not the Answer to Trafigura’s Threats Over Europe’s Zinc Industry
Like nuclear energy, zinc is a strategic resource. The critical metals that Nyrstar extracts as by-products of zinc smelting may be even more vital to a country’s autonomy. The applause for Prime Minister Bart De Wever’s plan to recover Belgium’s nuclear power plants had barely faded before the next strategic sector came knocking at the door of 16 Rue de la Loi. According to Richard Holtum, CEO of the Singapore-based commodities giant Trafigura, the metal-processing industry
May 213 min read


Belgian regulator says Nyrstar misled market over liquidity before restructuring.
The FSMA Sanctions Commission did find misleading practices at Nyrstar and convicted it of market manipulation related to its liquidity position prior to the restructuring. The other allegations, despite having been thoroughly analyzed for four years by the FSMA Auditor, were dismissed two years later, after six years of proceedings, including five days of closed-door hearings, without even consulting the minority shareholders' union that had been working on the case for more
Oct 16, 20252 min read
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