CommodityTrading

The Copper Market’s Tipping Point: Will U.S. Tariffs Crush the Hottest Trade?

6 days ago

The copper market is currently experiencing a significant surge, drawing attention from investors worldwide. However, this lucrative trend faces a potential disruption with the looming threat of U.S. tariffs, which could dramatically alter the trading landscape. As market analysts anticipate a turnaround in prices, the copper trade stands at a critical juncture, raising concerns about the possible impact of government intervention.

India's Booming Economy: A Game Changer for Global Commodity Traders, Says Oil Minister

2 months ago

In a recent statement, India's Oil Minister asserted that the country's rapid economic growth cannot be overlooked by global commodity traders. As India's demand for energy resources continues to rise, the international market must remain alert to the shifting dynamics fueled by this burgeoning economy. This declaration comes amid tremendous economic action in the country, even as global commodity prices fluctuate.

Aluminum Prices Decline Amidst Trump's Tariff Fallout

2 months ago

The aluminum market is experiencing a notable downturn as prices fall for the second consecutive day following the implementation of tariffs by former President Trump. This recent development has spurred concerns among traders and manufacturers about the long-term implications of these tariffs on supply chains and market stability.

Glencore Increases Middle East Oil Purchasing for Singapore's Bukom Plant

3 months ago

In a strategic move aimed at bolstering its operations, Glencore, the global commodity trading and mining company, has significantly ramped up its oil procurement from Middle Eastern sources for its Bukom oil refinery located in Singapore. This increase in buying activity reflects Glencore's efforts to enhance its supply chain resilience amid fluctuating global oil prices and shifting market dynamics.

Trafigura Faces Scrutiny Over Bribery Allegations Amidst Defense of Internal Controls

4 months ago

In a recent report, Trafigura, one of the world's largest commodity trading firms, has found itself at the center of a burgeoning scandal involving allegations of bribery and corruption. The company, which has built its reputation on the trading and logistics of commodities such as oil and gas, is now defending its internal controls during a period in which it was reportedly engaging in dubious practices, including the payment of bribes.

Trafigura Founder’s Family Denounces Swiss Trial as a Denial of Justice

4 months ago

In a dramatic turn of events, the family of Trafigura’s founder, Claude Dauphin, has vocalized strong objections regarding the Swiss trial concerning allegations of corruption related to oil trading. The trial, which has garnered significant attention within corporate and legal spheres, has prompted the family to argue that the proceedings exhibit blatant injustices that undermine the integrity of the Swiss judicial system.