Cargill in talks to sell metals unit to Macquarie
Cargill is negotiating the sale of its Singapore-based metals business to Macquarie Group as the firm shifts focus toward its core food and agriculture operations. The unit trades millions of tons of iron ore and steel annually but faces a challenging market due to slowing demand in China.
Insights:
Cargill is in talks to sell its metals business to Macquarie Group according to five people familiar with the matter. The potential divestment follows a 2024 restructuring that streamlined Cargill into three primary units focused on food and agriculture. This move aims to protect margins as shifting industrial commodity dynamics in Asia squeeze traditional trading profits.
