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The commodity trading industry has experienced significant growth, accumulating up to $120 billion in cash reserves after five years of record profits, according to Oliver Wyman. This accumulation marks a period of unprecedented financial success for the sector, with the industry banking over $100 billion in its second-best year ever. The substantial cash reserves are poised for reinvestment, with the largest traders planning to use these funds to consolidate their market dominance further. This strategic deployment of resources is expected to include spending on assets and expansion into new markets.
The commodity trading industry reaped its second-best year ever in terms of profits, banking over $100 billion and building up a mountain of cash to spend on assets and breaking into new markets. https://t.co/VxS0hnpcYV
New: The commodity trading industry reaped its second-best year ever in terms of profits, banking over $100 billion and building up a mountain of cash to spend on assets and breaking into new markets, according to Oliver Wyman. https://t.co/l2cFox8WO8
The commodity trading industry reaped its second-best year ever in terms of profits, banking over $100 billion and building up a mountain of cash to spend on assets and breaking into new markets. https://t.co/71Dy3S8vTA