• The refined metals Demand has quadrupled in emerging economies. In developed economies it has barely changed. China alone now takes more than 40% of global output.
• PSI buy from smelters and refiners and sell mainly to semi-fabricators. We also trade physical metals in the professional markets.
• Many of PSI metal customers are in Asia. We are one of the few global traders with a domestically registered Chinese subsidiary.
• We have established relationships with the key producing areas, with especially strong representation in South America. With mining and logistics operations in Africa, we are well placed to capitalize on opportunities for growth as the continent plays a more central role in global production.