Trafigura is making as much from metals as oil after ‘knockout year’

Trafigura is making almost as much profit from metals as it is from oil, having grown non-ferrous volumes sharply after a strong year for the sector, it said on Monday December 11.

The Swiss trading house’s refined non-ferrous metals volumes rose by 12.1% this year to 7.4 million tonnes, while concentrates were down 3.7% to 7.9 million tonnes. Its metals and minerals division contributed to 49% of the company’s gross profit; the division’s gross profit jumped by a third to over $1 billion dollars. Such substantial growth in metals business at the world’s second largest trader by...

Published

Archie Hunter

December 11, 2017

10:33 GMT

London