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    Trafigura

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    • Tuesday, 19 September, 2023
      Trafigura trims senior team in biggest reshuffle since 2015

      Restructure comes as trader posts record earnings but is hit by alleged $590mn nickel fraud

      Trafigura signage
    • Monday, 17 July, 2023
      Nickel fraud defendant blames losses on Trafigura’s ‘own mischiefs’

      Singapore-based commodity trader denies fraud ahead of showdown in London’s High Court

      Nickel balls
    • Wednesday, 12 July, 2023
      Metals tycoon Gupta says Trafigura ‘devised’ $590mn nickel fraud scheme

      Allegations set up blockbuster showdown in London’s High Court

      Nickel chips
    • Tuesday, 11 July, 2023
      The chef and the sandwich shop owner at the heart of Trafigura’s fraud case

      Commodity trader’s scant knowledge of some of its counterparties raises questions over due diligence

    • Wednesday, 7 June, 2023
      Energy crisis drives record profits at commodity trader Trafigura

      Earnings cushion blow from impairment charges over alleged nickel fraud

    • Wednesday, 3 May, 2023
      Oil & Gas industry
      Shell, BP and Total out-trade Vitol, Trafigura, Mercuria and Gunvor

      European oil majors’ combined trading profits surpass those of the four biggest private energy traders

      The BP logo
    • Monday, 27 March, 2023
      FT News Briefing podcast10 min listen
      Money market madness

      Nickel market could face widespread problems after instances of fraud start to emerge

    • Friday, 24 March, 2023
      News in-depthCopper
      Copper price to surge to record high this year, Trafigura forecasts

      Rebound in Chinese demand has pushed up cost faster than any other industrial metal

      A crane moves a bag of copper concentrate onto a cargo train at the Erdenet copper mine in Mongolia
    • Wednesday, 22 March, 2023
      Commodities
      Profits at commodity traders hit record in 2022, say finance chiefs

      Companies set high-water mark unlikely to be repeated in 2023

      Stockpiles of coal at the Newcastle Coal Terminal in Newcastle, New South Wales, Australia
    • Tuesday, 21 March, 2023
      Oil & Gas industry
      Global commodity traders open to increasing Russian oil volumes

      Trafigura and Vitol bosses say they would increase activity if governments and banks give approval

      A truck drives past the Petroplus refinery in Cressier near Neuchatel
    • Tuesday, 21 March, 2023
      London Metal Exchange Ltd
      Trafigura chief says LME nickel contract is ‘not fit for purpose’

      Jeremy Weir says sector needs ‘contracts to reflect the underlying business’

      Jeremy Weir
    • Monday, 20 March, 2023
      Commodities
      Commodity markets likely to escape banking crisis fallout, traders say

      Citadel and Trafigura expect no repeat of 2008 collapse of crude and metals prices

      Workers at the Vadinar Refinery complex operated by Nayara Energy, near Vadinar, Gujarat, India
    • Monday, 27 February, 2023
      News in-depth
      Trafigura: the 10-day unravelling of an alleged $500mn fraud

      Commodity trader alleges the ‘controlling mind’ behind nickel scheme repeatedly tried to stall for time

      Prateek Gupta
    • Sunday, 26 February, 2023
      Prateek Gupta
      Trafigura offered $15mn from alleged nickel fraudster using Mauritian bank

      Indian tycoon Prateek Gupta accused of ‘systematic fraud’ by world’s largest private metals trader

    • Friday, 24 February, 2023
      Commodities
      Trafigura missed red flags in alleged nickel fraud, court papers show

      Failure to obtain certification and check customs codes alarmed bankers in deal at heart of lawsuit

      The Trafigura logo
    • Tuesday, 21 February, 2023
      Prateek Gupta
      Mauritian regulators examine bank in wake of Trafigura nickel fraud

      Silver Bank’s shareholder has ties to alleged fraudster Prateek Gupta

      Scenic view of Port Louis, Mauritius
    • Thursday, 16 February, 2023
      Due Diligence
      The metals tycoon at the centre of a $577mn writedown Premium content

      Plus, Warren Buffett calls time on a merger arb bet and credit fund Angelo Gordon finds itself on both sides of distressed debt debate

      Due Diligence logo
    • Thursday, 16 February, 2023
      News in-depth
      Missed signals: behind Trafigura’s $577mn loss on non-existent nickel

      Commodity trading group discovers shipments that did not contain any trace of the valuable metal

      Nickel chips
    • Tuesday, 14 February, 2023
      FT Alphaville
      How one Gupta accused of fraud knows another Gupta suspected of fraud

      The man behind Trafigura’s nickel fiasco has some interesting connections

    • Thursday, 9 February, 2023
      Trafigura faces hit of up to $577mn over alleged nickel fraud

      Commodities trader discovers shipments it had purchased did not contain the metal

      A worker processes nickel at a smelter
    • Wednesday, 11 January, 2023
      Indian business & finance
      Trafigura sells stake in Rosneft-backed refinery in India

      Sale marks final severing of ties between commodity trader and Russia’s state-owned energy company

      A worker walks along a jetty as a ship sits docked at the Vadinar refinery complex
    • Monday, 9 January, 2023
      NK Lukoil OAO
      Russia’s Lukoil sells Italian refinery to Israeli-backed private equity fund

      GOI’s partnership with commodities trader Trafigura gazumps Crossbridge in deal that rescues Sicilian plant after EU sanctions hit

    • Thursday, 8 December, 2022
      Trafigura’s shareholders and top traders to split $1.7bn in payouts

      Commodities group reaps record net profit on the back of energy crisis despite distancing its business from Russia

      Trafigura chief executive Jeremy Weir
    • Monday, 5 December, 2022
      Trafigura secures $3bn loan facility to provide Germany with natural gas

      Deal is latest move by a commodity trader to help Berlin following Russia’s invasion of Ukraine

      A natural gas storage facility in Rehden, Germany
    • Thursday, 1 December, 2022
      NK Lukoil OAO
      Lukoil resumes talks with US buyout group to sell Italian refinery

      Crossbridge Energy negotiating deal with Russian company for as much as €1.5bn but Rome seeks more time to close

      The ISAB refinery in Priolo-Gargallo near Syracuse, Sicily
    Previous page You are on page 1 Next page

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