RAFFEMET PTE LTD

Raffemet Pte Ltd originated in Hong Kong in 1988, under the auspices of the China National Non-Ferrous Metals Industry Corporation. It made history as Nonfemet Futures Ltd., the pioneering entity offering price risk management tools to China’s Non-Ferrous Metals Industry, particularly focusing on hedging price risks on the London Metal Exchange (LME) for raw material and base metals business.

In 1995, at the invitation of Singapore’s Trade Development Board (now known as International Enterprises Singapore), the company relocated to Singapore, marking a significant shift in its operational base. By 1997, the company underwent privatization and restructuring, adopting the name Raffemet Pte. Ltd. 

It was during this period that Raffemet also expanded its footprint in China, establishing its first subsidiary, Raffles Resources (Shanghai) Co., Ltd. The expansion continued with the establishment of Raffemet Commodity B.V. in The Hague, Holland, in 2013, and additional subsidiaries in the Shanghai Free Trade Zone, Wuxi, and Tianjin in the following years. Representative offices in Beijing, Chongqing, and Hanoi were also opened, broadening its regional presence.

Over the years, Raffemet has become renowned for its expertise and dedication to servicing the metals markets. Its commitment to stringent credit controls, efficiency, and reliability has allowed it to secure and expand its market share significantly. Among its array of services, Raffemet specializes in physical delivery capabilities, covering worldwide productions of LME-registered brands for all six base metals listed on LME: Copper, Aluminium, Lead, Zinc, Tin, and Nickel. Singapore notably became the first location in Asia capable of handling delivery into and out of the registered warehouse for all seven LME products, enhancing Raffemet’s service quality to producers, merchants, and consumers.

Raffemet’s proficiency extends to metals hedging, where it maintains principal-to-principal relationships with several LME members, facilitating physical-related contract hedging on the LME for clients without holding any price risk. Additionally, the company offers invaluable market information and hedging strategies tailored to clients’ needs.

In the realm of financing, Raffemet provides comprehensive support, offering physical contract-related financing and pre-export financing at all levels of the metals operations. This comprehensive approach ensures that both consumers and producers are well-supported through Raffemet’s integrated services, further cementing its status as a leader in the non-ferrous metals industry.