World’s Biggest Energy Traders Are Returning to Metals

  • Vitol, Gunvor and Mercuria are all building metals teams
  • Energy traders have capital after posting bumper profits
Molten copper poured into molds at the ZiJIn Serbia Copper plant in Bor, Serbia.Photographer: Oliver Bunic/Bloomberg
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Some of the world’s biggest energy trading companies are returning to metals, years after getting burnt in the notoriously difficult markets.

Vitol Group, Gunvor Group and Mercuria Energy Group are among the traders building out their metals teams, as they look to deploy capital generated by record profits.