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Supply disruptions push up profits as global metal traders welcome their most profitable year ever.
Jin10 Data, October 17th - Amid a series of supply disruptions pushing metal prices close to historical highs and dramatic changes in global trade flows, global metal traders are set to enjoy the most profitable year in history. According to informed sources, the two major metal trading giants, longtime rivals Glencore and Trafigura, are both expected to set records in their metal trading performance this year. The third largest trader, IXM, has already surpassed last year’s profits. This boom confirms the decisions made by global energy traders in recent years to actively enter the metal market, betting on sustained demand as governments worldwide view this sector as a strategic priority. According to previous reports, the most aggressively expanding Mercuria Energy Group has already made about $300 million in profits from metal trading this year.