Mercuria profits hit $1.3bn as bets come good and it pays almost no tax
Swiss trading house benefited as volatility swept copper market last year
Swiss trading house benefited as volatility swept copper market last year

Swiss trading house’s move to take 25% stake in aluminium plant in Indonesia marks shift into asset ownership

Revived attempt to create a $260bn megamerger underscores the desperate need for copper

Market hit by disruption to production and Donald Trump’s tariffs

Production hold-ups at large mines and fears about Trump tariffs have helped to fuel sharp rally since October

Swiss company also unveils plans to double copper production over next 10 years

Moves fuelled by surge in prices of precious and base metals triggered by heightened geopolitical tensions