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Commodities daily: Trafigura readies for battle

Source: Financial Times, 22nd December 2010

The buzz on metal trading desks in London, Zug and Lucerne was not the latest commodity price on Tuesday. The chatter was about the bold move by Trafigura, one of the industry's top trading houses, to buy a big stake in Norilsk Nickel, one of the world's largest miners, worth around $3.5bn at current prices.



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