Louis Dreyfus sells metals unit to Chinese investment fund

Louis Dreyfus Company has entered an agreement to sell its global Metals business (LDC Metals) to NCCL Natural Resources Investment Fund, managed by New China Capital Legend as general partner, with two limited partners of AXAM Asset Management (AXAM) and China Molybdenum Co., Ltd. (CMOC). AXAM is a Chinese domestic asset management firm based in Shenzhen.

LDC Metals originates, consolidates, blends, tolls, transports and merchandizes base and precious metals in raw and refined form. It is considered among the top copper, zinc and lead concentrates merchandizers globally, in addition to its leading position in the refined copper, zinc, aluminum and nickel markets.

CMOC is an international diversified mining company listed on the Hong Kong and Shanghai Stock Exchanges and its one of the largest copper and cobalt producers.

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