Metals Traders Reap Bonanza With Another Year of Record Profits
Metals traders are earning billions of dollars in a second consecutive blowout year for the sector, with several top trading houses notching up record profits.
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Metals traders are earning billions of dollars in a second consecutive blowout year for the sector, with several top trading houses notching up record profits.
Valterra Platinum said on 23 October 2026 that third-quarter output fell 6% to 804,300 ounces, but it kept its 2026 target of 3.0 to 3.4 million ounces. The post Valterra Platinum Output Falls 6% in Quarter appeared first on The Rio Times.
Grain funds were mixed on Friday: soybeans edged up 0.56%, corn eased 0.56% and wheat was flat, with Brazil and Argentina key exporters. The post Soybean Fund Gains 0.56% as Corn Falls 0.56% | Grains, Oct 23 appeared first on The Rio Times.
Oil climbed on Friday, with Brent settling at US$116.72, up 3.1%, and WTI up 3.8%, lifting Petrobras, YPF and Ecopetrol in New York. The post Brent Crude Settles at US$116.72, Up 3.1% | Oil, Oct 23 appeared first on The Rio Times.
Lithium shares steadied after Thursday's 4.0% fall in the LIT fund, with Chile's SQM and US producer Albemarle both rising on Friday. The post Lithium Fund Flat as Chile Miner Gains 1.37% | Lithium, Oct 23 appeared first on The Rio Times.
Copper recovered about half of Thursday's loss as the CPER fund rose 1.53%, while Southern Copper and Freeport-McMoRan gained less than 1%. The post Copper Fund Gains 1.53% as Southern Copper Rises 0.77% | Copper, Oct 23 appeared first on The Rio Times.
Gold ended the week 3.8% lower at US$4,012 an ounce as higher US yields and a firmer dollar weighed on bullion, silver and gold miners. The post Gold Slips 0.30% to US$4,012 as Yields Rise | Gold & Silver, Oct 23 appeared first on The Rio Times.
Palm oil futures traded near steady in Kuala Lumpur, after fluctuating between gains and losses.
Oil steadied after a choppy session on Tuesday that saw traders parse conflicting headlines on efforts to end the US-Iran war.
China's 4.6% growth in 2026 keeps Latin American commodity demand steady but selective, with copper, soy, iron ore and lithium facing different risks. The post China’s 4.6% Nine-Month Growth and Latin America appeared first on The Rio Times.
US corn futures fell for a sixth day, their longest losing streak since March 2025, as harvest pressure and weak exports led hedge funds to sell their positions at a rapid pace.
Arabica coffee futures settled at US$3.157 a pound on 19 October, up 3.3% to a one-month high, as the real firmed and ICE stocks stayed near a 27-year low. The post Arabica Coffee Hits One-Month High appeared first on The Rio Times.
US natural gas futures increased slightly as forecasts shifted to show colder weather than previously expected across the eastern US, indicating higher demand for the furnace fuel as consumers crank up the heat. Gas flows to liquefied natural gas export terminals on the US Gulf Coast also rose, leaving less gas within the domestic market and adding upward pressure to prices.
China's September exports rose 36.3% to US$447.18 billion, strengthening its leverage over Latin American commodity suppliers like Brazil. The post What China’s 36.3% Export Jump Means for Brazil appeared first on The Rio Times.
For years, regional US banks lent money to commodities clients, only to watch them take their lucrative hedging activity to Wall Street. Now the regionals want to grab more of a booming business.
Raw sugar futures extended gains, with worries about tighter global supplies mounting because of weather and production concerns across top growers.
Glencore Plc expects that its commodity-trading profits will exceed $5 billion this year, putting it on track for one of the best results in its history.
Australia’s revenue from resource and energy exports is forecast to rise almost 5% in the year through June thanks to strong prices, even as its biggest trade partner China grapples with a years-long property crisis.