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Moving physical commodity trading from paper and spreadsheets to digital platforms

Technology and AI27 November 2023

This episode looks at the digitisation of physical commodity trading, particularly refined copper, aluminium and concentrates. It explains how two platform providers with complementary strengths, one serving buyers and one serving sellers, merged to offer trade management in a single place.

Much of the sector still depends on paper, spreadsheets and email, so the shift to digital is driven by efficiency, transparency and risk reduction. The conversation covers resistance to change, examples of savings in working capital, the pandemic's role in highlighting business continuity needs, tracking of environmental footprints in line with ESG criteria, and expected further consolidation of digital solutions.

Key points

  • Replacing manual, paper-based commodity operations with digital trade management
  • Overcoming resistance and realising working capital savings
  • Environmental footprint tracking and further consolidation ahead

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