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Trafigura’s Playbook: From Nyrstar to Ghana
What occurred at Nyrstar is increasingly difficult to view as a one-off cycle of events. The sequence suggests a repeatable model rather than an isolated case. Developments surrounding a gold mining project in Ghana indicate that similar mechanisms may still be in use. This matters not only for interpreting the past, but also for current and future counterparties, including groups such as Korea Zinc, now acquiring parts of Nyrstar’s business. The Cuckoo Strategy: Enter, Weak
4 days ago3 min read


Trafigura’s Transparency Gap: From Venezuelan Oil Deals to Korea Zinc’s $6.6bn Risk
Nyrstar Zinc processing plant The True Cost of a Convenient Partner When governments or corporations need to move vast quantities of commodities quickly, few firms can match Trafigura’s global reach. The Washington Post recently reported that the U.S. administration selected Trafigura to execute Venezuelan oil sales because of its logistics network, financial capacity and speed of execution. But the article also highlights a deeper tension: Trafigura’s strength is repeatedly
Apr 102 min read


The Korea Zinc Case: When Strategic Investments Meet Legal Uncertainty
Korea Zinc's ambitious $6.6 billion plan to build cutting-edge smelting infrastructure in the United States represents exactly the kind of investment Washington seeks. The strategy is clear: extract critical minerals domestically, reduce reliance on Chinese supply chains, and secure Tennessee's zinc operations as the foundation for American mineral independence. On paper, it's a win-win. In reality, it may be built on contested legal ground. A Foundation Built on Disputed Own
Apr 12 min read


Korea Zinc's $6.6 Billion Question: Does Trafigura Actually Own What It's Selling?
After acquiring Nyrstar’s U.S. assets from Trafigura, Korea Zinc is planning to invest $6.6 billion in building a state-of-the-art smelter allowing it to extract critical minerals. The operation includes acquiring Nyrstar's Tennessee mines and smelter from Trafigura, alongside the U.S. This in an effort to allow the U.S. to regain independence from China in the critical minerals market. But there's a critical risk: Trafigura may not be legally in position to sell what it inte
Feb 243 min read


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 14, 20253 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 11, 20252 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 11, 20252 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 23, 20252 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 13, 20252 min read


Podcast: "The Lobito Corridor: Trafigura on track for Africa's mining heartland"
Public Eye’s latest podcast investigates the Angolan corruption scandal involving Trafigura. It sheds light on how the company allegedly...
Mar 27, 20251 min read


Trafigura to Pay $126 Million and Plead Guilty to Brazil Bribes
"Trafigura Group will pay $126 million and plead guilty to US charges related to bribery in Brazil, in the latest case involving...
Mar 27, 20251 min read


Nyrstar parent company Trafigura wants to partially nationalize zinc group
'Critical infrastructure and smelting capacity are a national security issue and therefore they need some kind of government ownership or...
Mar 26, 20252 min read


“The biggest hold-up in Belgian industrial history”
“The greatest hold-up in Belgian industrial history” — that is how the magazine Le Vif describes Trafigura’s role in the acquisition of...
Mar 7, 20251 min read


Nyrstar owner Trafigura convicted of corruption
It is hereby (once again) confirmed: Trafigura, the international commodities trader that hijacked the assets of Belgium's industrial...
Jan 31, 20252 min read


Trafigura and Ex-COO Convicted of Bribery by Swiss Court
Michael Wainwright "The ruling is a historic moment, making Wainwright the first senior executive at a major trading house ever to be...
Jan 31, 20251 min read


The Fight for Transparency and Justice: A Wake-Up Call for Europe
On December 2nd, trading giant Trafigura faces court over allegations of corruption involving its former parent company, Trafigura Beheer...
Jan 7, 20252 min read


Singapore-Based Trafigura Group Hit by Multiple Scandals
The post published by the well-known whistleblower Julie O'Connor confirms once again that Trafigura is under scrutiny by regulators in...
Jan 6, 20252 min read


Unmasking Corporate Corruption at Trafigura: A Tale of Blurred Values and Deceptive Practices
The recent landmark bribery trial involving Trafigura 's former COO, Mike Wainwright, sheds a disturbing light on the inner workings of...
Dec 10, 20241 min read


Trafigura’s Bribery Case Puts Commodity Trading Culture on Trial in Switzerland
A landmark trial is set to shake the global commodity trading industry as Trafigura Group and its former chief operating officer face...
Dec 2, 20242 min read


Trafigura Reshuffles Top Team as Metals Losses Rattle Trader
"Trafigura has been exploring a range of potential deals involving the metals business as it weighs the future of the unit, Bloomberg...
Sep 19, 20242 min read
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