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+|

Gold Refining

Precious Metals Refining in Switzerland: Industry Structure and Global Significance

Switzerland refines approximately two-thirds of the world’s gold and a substantial share of other precious metals, making it the undisputed global centre …

28 Feb 2026

Swiss Gold Refining Industry: Global Dominance and Market Structure

Switzerland processes approximately two-thirds of the world’s gold, a concentration unparalleled in any other commodity sector. The country’s four …

28 Feb 2026

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.

25 Feb 2026