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September 19, 2023

#Metals don’t shine @Trafigura


While Trafigura's metals business accounted for an average of 40% of the company's total profit in the period 2012 to 2019, that share fell to 23% between 2020 and 2022, and in the 12 months to March 2023 it has been just 6%, according to the company's financial statements.

A deep-pocketed partner could give Trafigura additional firepower to buy assets like mines or processing plantsseen by many as increasingly crucial to secure the flow of commodities needed for a global trading business.



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