MELBOURNE (April 5): Singapore's Viant Commodities said on Wednesday it has launched a joint venture with European copper products maker KME in Switzerland.

The venture, Tekvalia AG, will be based in Zug and will focus on trading and distribution of copper products and services through the supply chain in Europe, Viant Commodities Managing Director Rene van der Kam told Reuters.

"Viant in Singapore is very well capitalised, and it is enjoying very strong support from its banks, and we will leverage that to our European entities," van der Kam said.

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