Trafigura Acquires Warehousing Firm Grafton’s Singapore Business

Trafigura Group has acquired a metals warehousing firm with sizable operations in Singapore, as a mountain of surplus inventory in the Asian logistics hub opens up lucrative trading opportunities.

Trafigura Smelting Investments Ltd., a unit of the world’s largest metals trader, became the sole shareholder of Grafton Logistics Services (Singapore) Pte. Ltd. in early September, according to company registration documents. Ian Swords, a Trafigura trader based in Geneva, was appointed as a director of the company, the documents show.