global commodities trader
While Trafigura does not publicly list its clients, its annual filings refer to direct links between increased automotive sector production and its own profits. It is “the largest global independent alumina and aluminium trader,” maintaining “long-term customer relationships, which significantly enhanced [their] trading volumes” in 2020.
As of 2021, Trafigura owned $30.9 million in equity of XUAR-headquartered Tianshan Aluminum, as reported in Trafigura’s 2021 interim financial report.
Trafigura and Gerald Metals of the UK sourced Tianshan ingots and resold them to other clients in 2018 and 2019, representing 30% of Tianshan’s total production volume in those years.