Industry News

Gerald Group's North American hub achieves green loan accreditation for low-carbon aluminium

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Update time : 2024-04-17 15:59:25
On April 11, 2024, Gerald Group unveiled its North American trading centre, GT Commodities. It revealed that its Borrowing Base sublimit for low-carbon aluminium meets the criteria for a green sublimit, allowing for the issuance of green loans in accordance with Loan Market Association guidelines. This achievement comes after a rigorous evaluation of the LMA's green loan principles and other pertinent market standards.

Gerald Group, established in 1962 in the United States and headquartered in the UK, is committed to fostering sustainable and responsible global trade and economic growth. As the world's most seasoned and sizable independent metals trading company, Gerald Group is entirely owned by its employees. It has earned a reputation as a dedicated and reliable partner for leading miners, processors, industrial consumers, and financial institutions. Operating from strategic trading hubs in Shanghai, Stamford, and Morges, Gerald Group specialises in trading non-ferrous, ferrous, and precious metals. Renowned as one of the foremost traders in primary and secondary aluminium, alumina, and bauxite, the Group plays a pivotal role in the global metals market.

In the latter half of 2023, the facility underwent successful refinancing, securing $650 million and a two-year extension. The market displayed robust support, evidenced by a significant oversubscription exceeding $200 million.

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