Trafigura

“I have been challenged to recognise that the market never trades the same way twice, to look for opportunities rather than patterns, to think differently and to not hesitate in taking a fresh perspective.” In our latest Meet our People video, Tena LaRose, our Houston based Gasoline Market Analyst, explains how her team’s research supports our gasoline trading desk by assessing supply and demand dynamics and interpreting wider market trends to help enable informed commercial decisions. She also explains how the structure and momentum of her work help her balance professional growth with supporting her family. Explore career opportunities at Trafigura here https://lnkd.in/eFjjMEhA #ConnectingVitalResources #Trafigura #TrafiguraCareers #CommodityTrading #TrafiguraHouston #FutureTalent

This week at EU Raw Materials Week 2025 in Brussels, Graeme Train, Trafigura’s Head of Metals and Minerals Analysis, voiced the need for urgent action to strengthen critical metals security through greater investment in processing capacity.   Speaking at the European Commission’s main conference and a side-line dinner co-hosted by Trafigura and Nyrstar, Graeme emphasised:   ➡️ Europe still has significant base metals smelting capacity – but risks losing it ➡️ This base metals capacity is required to produce critical minerals such as germanium, antimony and gallium ➡️ Limited investment in European smelting is creating significant supply chain dependencies for defence, energy transition and technology   In a panel discussion with experts from DERA, TNO and JRC, participants shared tools - from AI-driven market prediction to media-based monitoring - to anticipate chokepoints in critical raw materials supply chains. Graeme discussed the long-term view of slow-moving drivers that create supply disruption, including dependency and market concentration.   As governments are starting to recognise the vital role of critical metals, the week reinforced the importance of public-private collaboration and Trafigura and Nyrstar’s shared commitment to building a more resilient European metals strategy.   #ConnectingVitalResources #EURawMaterialsWeek #CriticalMetals

As EU Raw Materials Week begins today in Brussels, the strategic importance of critical metals is in sharp focus. In a new opinion piece for the Financial Times, Trafigura CEO Richard Holtum highlights an uncomfortable truth: while Europe has reduced its dependence on Russian gas, it remains exposed to a similar vulnerability in metals supply chains. Metals are the foundation of modern economies – essential for energy infrastructure, defence, and the technologies driving the green and digital transitions. Yet Europe’s refining and smelting capacity has steadily eroded, leaving it reliant on imports for critical materials such as gallium, germanium and antimony. Through our Nyrstar subsidiary, Trafigura has invested more than €680 million since 2019 – in turn, sustaining Europe’s remaining smelting capacity. But lasting resilience requires coordinated public and private action. As Richard argues, “Europe needs to act quickly or accept permanent dependence on others for critical metals.” Read the full Financial Times article here: https://on.ft.com/49nfhp5 #EURawMaterialsWeek #CriticalMetals #ConnectingVitalResources

Bring Your Kids to Work Day brought extra energy and curiosity to our Lima and Geneva offices this week. Our older visitors took part in an immersive programme exploring the full trade lifecycle and how global supply chains keep the world moving, featuring our HR, Corporate Affairs, Trading, Deals Desk, Operations, Finance and Trafigura Foundation teams. Meanwhile, our younger guests got hands-on in creative sessions designed just for them, discovering how Trafigura connects vital resources that help power and build the world. Both days wrapped up with office tours, where children got a glimpse of what their parents do every day. A big thank you to all colleagues who helped make these events a success. #Trafigura #BringYourKidsToWork #FuturEnTousGenres #ConnectingVitalResources #NextGeneration #FutureTalent #CommodityTrading #Geneva #Lima

Over the past three weeks, we welcomed over 40 candidates for the final stage of our Commercial Graduate Programme assessment at our Singapore, Geneva and Houston offices. After progressing through a five-step selection process from more than 4,500 applications, these high-potential candidates took part in a full day of interviews and practical exercises led by colleagues from across our Talent Acquisition and Commercial teams at each location. Designed for individuals with the ambition to become the next generation of traders, the two-year programme offers immersive exposure to global markets and our diverse commodity portfolio. It equips talented graduates with the skills and experience needed to progress towards junior trading roles, combining structured learning with hands on development in the fast-paced world of global commodity markets. A standout feature of this first group of candidates was the diversity of academic backgrounds represented. Candidates joined us from fields including History, Finance, Chemical Engineering, Physics and Machine Learning, reflecting the wide range of perspectives and capabilities suitable to succeed in our business. By the end of this process, the successful graduates will be selected to join us in Singapore, Geneva and Houston from September 2026 – marking the start of their exciting careers at Trafigura. Thank you to everyone involved in designing and delivering the new programme and for supporting the candidates throughout the process. Find out more about our early career opportunities here: https://lnkd.in/ertxD9gE #Trafigura #ConnectingVitalResources #FutureTalent #GraduateProgramme #TrafiguraGraduateProgramme #CommodityTrading

We're pleased to announce a new offtake agreement with Ascend Elements for 15,000 metric tonnes of recycled lithium carbonate, with deliveries scheduled between 2027 and 2031. Under this agreement, Ascend will supply battery-grade lithium carbonate produced from recycled lithium-ion batteries and manufacturing scrap, which Trafigura will distribute to our global customer base. This collaboration underscores our commitment to: ➡️ Building more resilient and efficient commodity supply chains ➡️ Promoting domestic US lithium production ➡️ Supporting the circular economy and transition to sustainable battery materials Gonzalo De Olazaval, Global Head of Metals and Minerals at Trafigura, commented: “We are pleased to be partnering with Ascend Elements and supporting the circular economy. Ascend Elements’ patented process, which produces battery-grade lithium carbonate from domestic scrap, is advancing the development of domestic battery supply chains in the US and Europe – a priority to ensure security of supply.” Read more here: https://lnkd.in/eKg25pVx #BatteryMaterials #CircularEconomy #ConnectingVitalResources

Nala Renewables breaks ground at battery storage project in Finland Nala Renewables, a global power and renewable energy platform jointly owned by Trafigura and IFM Investors, has begun the construction of a 50MW/100MWh battery energy storage (BESS) project located in Kauhava, Finland. Once the project is operational, Trafigura will use the BESS capacity for its European trading activities, enhancing grid resilience and flexibility. The project is being delivered in partnership with KSBR, Keski-Suomen Betonirakenne Oy and Sungrow Europe, and financed by Societe Generale. Read more here: https://lnkd.in/eZXqNZDY #EnergyStorage #BESS #EnergyTrading #ConnectingVitalResources

Last week, colleagues from our Houston and Calgary offices joined more than 200 energy leaders at the Gulf Coast Power Association’s 11th Annual emPOWERing Women Leadership Conference in Austin, Texas. Representing the company were Jessica Lacher, Regional Head of Human Resources and her teammates Chloe Freer and Venice Ugalde, together with Patricia Burgos, Regional Head of Corporate Affairs, and Peyton Pawlusiak, Power Analyst and former Graduate Programme trainee. As a Diamond Sponsor, Trafigura was proud to support this important forum and to help women build long-term, successful careers in the energy sector. Find out more about the range of career opportunities at Trafigura here: https://lnkd.in/eFjjMEhA #Trafigura #TrafiguraWomen #WomenInEnergy #Leadership #GraduateProgramme #ConnectingVitalResources #GCPA

How is Article 6’s global regulatory carbon market moving from concept to reality ? In a new Oxford Institute for Energy Studies podcast, Hannah Hauman, Trafigura’s Global Head of Carbon Trading, discusses with Hasan Muslemani how the Article 6 market is unlocking scalable investment and trade. Hannah describes the current market foundations and first trades, demand forecasts to 2030 based on existing regulation, and the key enablers to ensure supply can deliver against the ask: digital infrastructure, robust legal frameworks, and financial products to scale investment. Together, these steps can help carbon become a scalable, globally traded commodity that accelerates cross-border trade. 👉 Link to podcast: https://lnkd.in/erkjmsaj 👉 Link to white paper: https://lnkd.in/eM-FrjTk 👉 Podcast also available on #Spotify and #AppleMusic #EnergyTransition #CarbonMarkets #Article6 #Trafigura

Trafigura's Chief Economist, Saad Rahim, shared his insights at the LBMA Global Precious Metals Conference in Kyoto, where he discussed the market dynamics and policy shifts driving gold prices to record highs. Saad highlighted that gold strong performance has been fuelled by a confluence of factors — geopolitical tensions, concerns around the U.S. dollar, and its role as an inflation hedge — all of which, he noted, remain “very much in play.” He also discussed Trafigura’s expansion in precious metals trading — a move that builds on our strategy of pursuing adjacent opportunities where we can leverage the strength and expertise of our broader metals business. #gold #silver #preciousmetals #connectingvitalresources #dollar #debasement