Trafigura

Trafigura Group Pte. Ltd.
Company typePrivate
IndustryCommodity
Founded1993; 31 years ago (1993)
HeadquartersOcean Financial Centre, Singapore[1]
Area served
Worldwide
Key people
Jeremy Weir (CEO, executive chairman)[2]
ServicesCommodity trading/logistics
RevenueDecrease US$244.3 billion[3][4] (FY2023)
Increase US$7.4 billion[4][3] (FY2023)
Total assetsDecrease US$90.5 billion[5][6] (FY2023)
Total equityIncrease US$16.5 billion[4][7] (FY2023)
Number of employees
12,000 (2024)[8]
SubsidiariesPuma Energy, Nyrstar, Galena Asset Management, Impala Terminals, Nala Renewables
Websitetrafigura.com

Trafigura Group Pte. Ltd. is a multinational commodities company[9] domiciled in Singapore[10] with major regional hubs in Geneva, Houston, Montevideo and Mumbai, founded in 1993. The company trades in base metals and energy. It is the world's largest private metals trader and second-largest oil trader having built or purchased stakes in pipelines, mines, smelters, ports and storage terminals.

Trafigura was formed by Claude Dauphin and Eric de Turckheim in 1993 but quickly split off from a group of companies managed by Marc Rich.[11]

Trafigura has been named or involved in several scandals, particularly the 2006 Ivory Coast toxic waste dump, which left up to 100,000 people with skin rashes, headaches and respiratory problems.[12] The company was also involved in the Iraq Oil-for-Food Scandal.

  1. ^ Bernhard Fischer: Wie sich die grösste Rohstoff-Firma der Welt neu erfindet. Handelszeitung, 21 December 2021, Retrieved 26 December 2021.
  2. ^ Trafigura on Craft.co
  3. ^ a b Grover, Natalie (8 December 2023), Trafigura predicts slower 2024 after record $7.4 bln profits, Reuters
  4. ^ a b c "Trafigura more than doubles profit to new record in FY 2022". Reuters. 8 December 2022. Archived from the original on 14 July 2023.
  5. ^ "2022 Trafigura Annual Report". www.trafigura.com.
  6. ^ Trafigura publishes 2023 interim results showing a strong performance as demand remained high for the group's services, Trafigura, 7 June 2023
  7. ^ Trafigura triples payouts to staff to record $5.9bn, Financial Times, 8 December 2023
  8. ^ About, Trafigura, 2024
  9. ^ "Biofuels supplier powers up Trafigura's shift to greener future", The Times, 5 March 2024
  10. ^ "Singapore-based Trafigura faces $766m loss after uncovering nickel fraud | The Straits Times". www.straitstimes.com. 9 February 2023. Retrieved 10 May 2023.
  11. ^ Cite error: The named reference guardian09 was invoked but never defined (see the help page).
  12. ^ Ball, James; Davies, Harries (23 July 2015). "UK authorities 'lack resources' to investigate Trafigura over toxic waste". TheGuardian.com. Archived from the original on 10 December 2016. Retrieved 13 December 2016.