Can metals traders gain an edge in the changing risk management landscape?
Before the global Covid-19 crisis, analysts had been predicting a continuation of the slump in commodity trading margins, which had already fallen 20% since their 2015 peak. Metals traders have been aware of these reducing margins and exploring solutions to improve profitability for some time, although the disruption of recent months has created more urgency to protect both profitability and the business from a growing range of risks.