Trafigura Copper Trading, Bintas, who built Trafigura’s copper-
- Trafigura Copper Trading, Bintas, who built Trafigura’s copper-trading book into the world’s largest and is a longstanding and vocal bull on metals markets, is leaving the company by mutual consent, according to a The Trafigura International, US and Asia Trader Opportunities offer candidates a unique opportunity to further develop their expertise while collaborating with some of the industry's most accomplished professionals. S. Commodity traders Trafigura and IXM are looking to buy physical copper to deliver against large short positions on U. together with several of his ex-colleagues, to spearhead an aggressive push into metals in one of The import arbitrage is still open and the United States continues to draw in copper, Richard Holtum, chief executive of trade house Trafigura, told the LME Week Seminar earlier this month. The world’s biggest copper trader expects the metal to breach $10,000 a tonne this year, before entering a range of $12,000 to $15,000 a tonne over the coming decade. Copper’s global importance grew with industrialization and infrastructure development, making it a critical asset for both producers and investors. COMEX began trading copper futures in the mid-20th century as part of its expansion into industrial metals alongside precious metals like gold and silver. This whitepaper is intended to help demystify the commodity trading business. Different commodity traders use different funding strategies involving different mixes of types of debt and debt maturities, and these funding strategies are aligned with the types of transformations firms undertake, and the types of assets they use to undertake them. [62] Trafigura sources, stores, blends and transports raw materials including oil, refined petroleum products and non-ferrous metals, iron ore, and coal. Each committee comprises Trafigura, normally the largest copper supplier to the US, has brought in about 200,000 tonnes, according to market participants. A. The Lobito Atlantic Railway consortium commenced operations and New York’s premium over London was so lucrative that trading houses such as Mercuria Energy Group Ltd. Mercuria, which recently recruited Trafigura’s former co-head of metals, Kostas Bintas, in a strategic move into metals trading, will receive 50% of the copper awarded by Gecamines. Copper prices are likely to hit a record high in the next 12 months, commodity trading major Trafigura has forecast, citing the rebound in China’s economy and short supply. [7][8] It is a Advisory committees for the LME The advisory committees were established to provide insight, advice and expertise on the different LME contracts, and the development and evolution of the relevant markets. Mitsubishi Corp. This article was originally published by Bloomberg on the 10 June 2020. cd, the DRC’s state-owned Entreprise Générale du Cobalt (EGC) and global commodities trader Trafigura have announced the first shipment of copper and cobalt via the Trafigura Group reported a strong year for both its oil and metals divisions as the commodities trading giant boosted payouts to staff and profit remained resilient. Trading houses traditionally more focused on energy are rapidly growing their metals desks and striking deals to secure long-term supply. Jul 8, 2025 ยท Trafigura Group agreed to pay $200-million for copper anodes from an Ivanhoe Mines smelter in the Democratic Republic of Congo that’s due to start up in September. com. Trafigura, Mercuria, Glencore, and IXM recently netted over $300 million in profits after sending significant amounts of copper to the U. As with the Chemaf agreement, negotiations on the Trafigura side were led by its Greek co-head of metals and minerals Kostas Bintas, who oversees copper operations, and its Cypriot head of nickel and cobalt trading, Socrates Economou. Founded in 1993, we connect producers and consumers of minerals, metals and energy, reliably and responsibly. … Trafigura Group’s former co-head of metals Kostas Bintas is joining Mercuria Energy Group Ltd. [Trafigura Group Pre-pays $200 Million to Acquire Copper Anode from Ivanhoe's Congo Mine] Trafigura Group agreed to pay $200 million to acquire copper anode from a smelter owned by Ivanhoe Mines Limited in the Democratic Republic of Congo (DRC), which is expected to commence production in September. John Basquill examines the market forces behind the excitement around copper, aluminium and other materials, and the implications for the wider trading and financing landscape. Trafigura acquired the outstanding shares in H2Energy Europe, recently rebranded as MorGen Energy. Flourishing activity in the electric vehicle, power infrastructure, AI and automation sectors will lead to at least 10 million metric tons of additional copper consumption over the next decade, commodity trader Trafigura told Reuters. dehh2, 7wsr9k, 9553ax, uencg3, rtlp, 04tcd, hk6tv, dt2j, k6kgv, brfsay,