ZUG COMMODITIES
The Vanderbilt Terminal for Swiss Commodity Intelligence
INDEPENDENT INTELLIGENCE FOR SWITZERLAND'S COMMODITY TRADING SECTOR
Brent Crude $74.20/bbl| WTI Crude $70.80/bbl| LME Copper $9,510/t| Gold $2,910/oz| TTF Gas €41.80/MWh| CH Trading Hubs 450+| Brent Crude $74.20/bbl| WTI Crude $70.80/bbl| LME Copper $9,510/t| Gold $2,910/oz| TTF Gas €41.80/MWh| CH Trading Hubs 450+|

Cobalt

Glencore: Baar's Commodity Giant and the World's Largest Trader

Headquartered in the quiet Zug municipality of Baar, Glencore is the world's largest commodity trading and mining company — a $217 billion revenue colossus that touches everything from copper mines in the Democratic Republic of Congo to oil cargoes moving through Rotterdam. Its story is inseparable from the history of Switzerland's rise as the world's commodity trading capital.

24 Feb 2026