Trafigura Buys Large Copper Volumes Amid Asia Supply Crunch

Trafigura Group has begun purchasing large volumes of copper in Asia to increase sales into the region. The Singapore-based trading firm has spent the past two weeks approaching various producers and traders to secure metal volumes for November and December.

This buying surge comes as Asia faces a local supply crunch. The increased demand from Trafigura and other market participants has contributed to a broader regional scramble for the metal, which has pushed spot cargo premiums to record highs.