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Trafigura's Lucrative Zinc Rent Deals
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Trafigura partners with LME warehouses for lucrative rent deals by delivering zinc, amid weak demand. The company shares fees or rental income with LME warehouses, particularly in Singapore, while retaining ownership of the metal. The maximum rent for zinc in Singapore is 53 U.S. cents per ton per day, and total zinc stocks in all LME locations amounted to 238,275 tons on Friday.
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How might Trafigura's partnership with LME warehouses impact the global zinc market?
In what ways could this trend of lucrative rent deals influence other commodities and their respective markets?
What strategies could Trafigura employ to mitigate the risks associated with weak zinc demand?
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