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New King of Copper Trading Sees Demand Coming Back Stronger

  • Trafigura toppled Glencore as biggest copper trader last year
  • Copper looks stronger than it did before the virus: Trafigura
Copper And Nickel Excavation And Production At Russia's Biggest Miner OAO GMK Norilsk Nickel
Photographer: Andrey Rudakov/Bloomberg
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As head of copper trading at Trafigura Group, Kostas Bintas typically spends his time trekking around the globe, signing the deals that last year helped make Trafigura the biggest merchant of one of the world’s most crucial metals.

By March this year, he was stuck holding video calls with clients and colleagues from his home in Geneva. With the world on lockdown, the outlook for most industrial metals looked bleak. Yet even then, Bintas says there were early signs copper could emerge from the crisis even stronger.