Mercuria Energy Group Ltd.’s new metals division is up by around $300 million in trading profits so far this year, as the firm accelerates its return to the sector after years focused on oil and gas.
The figures, detailed to Bloomberg by people familiar with the matter, mark the latest sign of a banner year for metals trading more broadly, in contrast to tougher conditions across other commodities. Mercuria’s numbers include profits already realized as well as marks against unsettled positions and contracts for the rest of the year, the people said, asking not to be identified because the information isn’t public.
