Commodity Traders Still Rake In Billions as Profit Bonanza Wanes
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The world’s largest commodity traders are still making historically elevated profits, even as less-volatile markets mean their earnings have retreated from the bonanza that followed Russia’s full invasion of Ukraine.
At the FT Commodities Global Summit in Lausanne this week, executives at the largest trading houses and their bankers indicated both on stage and privately that although earnings for 2024 and the first quarter of 2025 would be lower than the boom years of 2022-2023, they remained higher than almost any other time in history.