Gold

Metals Trading in Switzerland: Copper, Gold, and the LME Connection to Zug

Switzerland's commodity trading reputation was built on oil, but its metals trading operations are in many ways more structurally significant — and more durable. From Glencore's dominance of global copper and cobalt supply to Swiss refineries that process 70% of the world's newly mined gold, the country's metals trading ecosystem extends from Zug to London's LME and back through the vaults of Geneva's private banks.