Commodities traders around the world are on pace to earn a record $18 billion U.S. this year,
according to estimates from Vali Analytics in London, England.
According to the latest forecast, the 100 largest banks in the world by revenue are likely to make
$18 billion U.S. from commodities trading in 2022, which would be the highest amount since
records began being kept 14 years ago.
Vali Analytics’ data includes commodity trading information from leading investment banks such
as Goldman Sachs (GS), JPMorgan Chase (JPM), Citigroup (C) and Morgan Stanley (MS).
The boom in commodities trading is being driven by higher prices for energy products such as
oil and natural gas, as well as for agricultural products such as grains, and precious metals used
to make electric vehicle batteries and computer components, said Vali Analytics.
Russia’s invasion of Ukraine this past February has triggered some of the biggest commodity
price moves in history. European gas prices have risen more than 500% in the last year, while
the price of nickel spiked 250% in two days earlier this year. Prices for fertilizer used to grow
crops also jumped during the summer months.
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