Published 10 days ago • loading... • Updated 7 days ago

Mercuria takes on Trafigura and Glencore in metals trading drive

Summary by Financial Times

Geneva-based group plans to buy more stakes in mines as it snaps up copper supplies in challenge to bigger rivals

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Financial Times

Center

Mercuria takes on Trafigura and Glencore in metals trading drive

Geneva-based group plans to buy more stakes in mines as it snaps up copper supplies in challenge to bigger rivals

8 days ago·London, United Kingdom

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Zero Hedge

Right

"Something Exceptional Happening": Copper Bull Forecasts New Record Highs On Most-Profitable Trade Ever

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

8 days ago·United States

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sherwood.news

Lean Left

Freeport-McMoRan sees surge in bullish options bets in catch-up play with copper

Bullish options bets on Freeport-McMoRan look like a convergence trade, with copper prices soaring....

9 days ago

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Global Trade Review (GTR)

Commodity trading giants turn to assets as profits normalise

Large commodity traders are looking to diversify their businesses, using capital built up during years of record profits to invest in oil, gas, power and metals assets. Trading giants such as Gunvor, Mercuria, Trafigura and Vitol reported record profits in 2022 and 2023, propelled by a period of intense volatility following the pandemic and Russia’s invasion of Ukraine. Market conditions have largely stabilised since then, but traders have use…

7 days ago

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Miningmx

Mercuria targeting more investments after securing Mopani deal

MERCURIA intends to step up investment in mines as it continues to build its metals trading division, said the Financial Times. Citing Marco Dunand, Mercuria’s CEO, the newspaper said on Wednesday its metals division, started only last year, could rival in size its oil trading operations on which the firm’s success is based. “The metals market is still not completely mature . . . there are opportunities to co-invest in minority interests, or maj…

8 days ago

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The Northern Miner

Mercuria bets big on copper in bid to rival oil trading – The Northern Miner

Swiss commodities trader Mercuria plans to acquire more stakes in mines, particularly in the copper sector, as it expands its recently established metals division — an operation it envisions growing...

8 days ago

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