UAE lines up minerals exports: The Abu Dhabi Export Office (ADEX) signed an agreement with Japan’s Sumitomo Mitsui Banking Corporation (SMBC) to provide a USD 135 mn syndicated loan to Swiss metals and minerals trader Trafigura as part of its plans to increase export volumes of UAE minerals, Wam reports. ADEX will be contributing USD 125 mn of the loan, with SMBC providing the remainder and acting as the facility agent of the lenders.

About Trafigura: The Swiss-headquartered commodities trader owns lead, zinc, copper, and silver mines across four continents, producing a total of 31 product types of metals and minerals as of 2022, according to the company’s annual report.