Trafigura’s metals trading volume up 13%, but gross profit down in 2016 financial year

Traded volumes of metals and minerals at Trafigura rose by 13% year-on-year to 59 million tonnes but gross profit in its metals and minerals business fell 10% year-on-year in its financial year ended September 2016.

Trading volume growth was attributed to strong performance in its well-established markets such as non-ferrous concentrates and refined metals, and also from newer products like coal and iron ore, Trafigura said in its annual report on Wednesday December 7. Its non-ferrous metal concentrates volumes rose by 8% to 8.2 million tonnes while that for non-ferrous refined metal increased 27% to 6.6 million tonnes during the year....


Vivian Teo

December 07, 2016

09:29 GMT