What is the current status of Cargill's potential sale of its metals unit to Macquarie Group?

Cargill is in talks to sell its metals unit to Macquarie Group, according to five anonymous sources familiar with the matter; however, the discussions are not guaranteed to conclude in a deal, and no official announcement has been made.

Why is Cargill considering selling its metals unit, and how does this align with its broader strategic direction?

Cargill is pursuing the sale to focus on its core food and agriculture operations, consistent with its 2024 business streamlining—reducing its structure from five to three units (Food, Agriculture and Trading, and a specialized portfolio)—and reflecting CEO Brian Sikes’ stated principle that 'At our core, we have always been a food and ag company.'

Cargill in Talks to Sell Metals Unit to Macquarie, Sources Say

Jun 5, 2026

Cargill is negotiating to sell its metals trading unit to Macquarie Group to refocus on core food and agriculture operations. The unit handles millions of tons of iron ore and steel annually amidst shifting demand in China.

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Cargill in Talks to Sell Metals Unit to Macquarie, Sources Say

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