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Trafigura

  • Wednesday, 25 September, 2024
    News in-depth
    Trafigura signals new era as gas and power boss ascends to CEO

    Trading house appoints 39-year-old former British soldier who has risen rapidly within the business

  • Friday, 20 September, 2024
    Trafigura set to name Richard Holtum as chief executive

    Trading house to announce as early as next week that head of gas, power and renewables will succeed Jeremy Weir

    Richard Holtum speaks on stage at the Gastech Conference in Houston, Texas
  • Friday, 5 July, 2024
    Mining
    US intervened in Congo mine sale to Chinese arms group

    US officials encouraged state miner Gécamines to review sale to a subsidiary of Chinese defence company Norinco

    An excavator is used at the bottom of Congolese state mining company Gécamines’ Kamfundwa open pit copper mine on January 31, 2013
  • Monday, 17 June, 2024
    Trafigura pays $55mn US fine in case alleging market abuse

    Commodities trading house was accused of manipulating a fuel oil benchmark and possessing ‘improperly obtained’ inside information

    Trafigura  logo
  • Friday, 7 June, 2024
    LexCommodities
    Hope of a commodities boom rests in inflation, not China Premium content

    Tipping point for commodity investment is more likely to be perceived structural inflation, especially in the US

    The Trafigura logo
  • Thursday, 6 June, 2024
    Trafigura profits slide more than 70% in sign that market volatility is ending

    Drop follows period of record earnings for biggest commodity traders after Ukraine war disrupted energy sector

    The Trafigura logo
  • Friday, 12 April, 2024
    News in-depth
    Trafigura’s Jeremy Weir: trader-in- chief seeks to draw a line under corruption scandals

    The 59-year-old Australian has diversified the commodities house but has had to deal with a legacy of misconduct

  • Wednesday, 10 April, 2024
    Oil & Gas industry
    Top commodities traders dismiss IPO route after bumper profits

    Executives at Vitol, Trafigura and Mercuria say banks and export credit agencies have never been so keen to lend to them

  • Friday, 5 April, 2024
    Trafigura finance chief and top director to exit in shake-up

    Christophe Salmon and Jose Maria Larocca will retire in latest overhaul at commodities trading house

    Trafigura signage at an office lobby
  • Thursday, 28 March, 2024
    Trafigura bribery details laid out in $127mn guilty plea agreement

    US prosecutors say trading house paid Brazilian officials to keep its business with state oil group

  • Monday, 18 March, 2024
    Commodities
    Commodity traders sitting on up to $120bn in cash after years of record profits

    Gas and power trading has overtaken oil as the biggest source of profits in the sector, report finds

    Worker outside a Vitol oil storage tanks
  • Wednesday, 31 January, 2024
    Shipping
    Red Sea vessel diversions spur fuel tanker rates and diesel prices

    The latest Houthi attack — on a vessel working for Trafigura — has tightened fuel tanker and oil products markets

    The Marlin Luanda was attacked last Friday
  • Friday, 15 December, 2023
    Prateek Gupta
    Asset freeze on Prateek Gupta over nickel fraud allegations in Trafigura case to remain

    Early success for commodity trader in $600mn legal battle with Indian businessman

    Prateek Gupta
  • Friday, 8 December, 2023
    Trafigura triples payouts to staff to record $5.9bn

    Commodities trader also flags slowdown as energy crisis unleashed by Russian invasion of Ukraine eases

  • Wednesday, 6 December, 2023
    Trafigura charged in Switzerland over alleged Angolan bribery

    Prosecutors say commodities trading group bribed a government official between 2009 and 2011

    Trafigura’s logo seen in an office reception
  • Tuesday, 5 December, 2023
    Trafigura accused of multimillion trading cover-up in London court

    Alleged nickel fraud involved $600mn writedown after cargoes found to contain far less valuable materials

    Indian businessman Prateek Gupta
  • Thursday, 26 October, 2023
    Mining
    Move to sell miner Chemaf to stoke tension between US and China

    Planned sale of Dubai-based group set to intensify battle for critical minerals

    Cobalt mine in DRC
  • Tuesday, 19 September, 2023
    Trafigura trims senior team in biggest reshuffle since 2015

    Restructure comes as trader posts record earnings but is hit by alleged $590mn nickel fraud

    Trafigura signage
  • Monday, 17 July, 2023
    Nickel fraud defendant blames losses on Trafigura’s ‘own mischiefs’

    Singapore-based commodity trader denies fraud ahead of showdown in London’s High Court

    Nickel balls
  • Wednesday, 12 July, 2023
    Metals tycoon Gupta says Trafigura ‘devised’ $590mn nickel fraud scheme

    Allegations set up blockbuster showdown in London’s High Court

    Nickel chips
  • Tuesday, 11 July, 2023
    The chef and the sandwich shop owner at the heart of Trafigura’s fraud case

    Commodity trader’s scant knowledge of some of its counterparties raises questions over due diligence

  • Wednesday, 7 June, 2023
    Energy crisis drives record profits at commodity trader Trafigura

    Earnings cushion blow from impairment charges over alleged nickel fraud

  • Wednesday, 3 May, 2023
    Oil & Gas industry
    Shell, BP and Total out-trade Vitol, Trafigura, Mercuria and Gunvor

    European oil majors’ combined trading profits surpass those of the four biggest private energy traders

    The BP logo
  • Monday, 27 March, 2023
    FT News Briefing podcast10 min listen
    Money market madness

    Nickel market could face widespread problems after instances of fraud start to emerge

  • Friday, 24 March, 2023
    News in-depthCopper
    Copper price to surge to record high this year, Trafigura forecasts

    Rebound in Chinese demand has pushed up cost faster than any other industrial metal

    A crane moves a bag of copper concentrate onto a cargo train at the Erdenet copper mine in Mongolia
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