Trade of raw materials and components is crucial for any company or industry that sells products. McKinsey suggests that commodities trading is inherently complex: supply chains are long, and miners are often located in regions far from their customers. For example, in 2021, more than 40 per cent of copper concentrates were produced in South America, and more than 35 per cent of these copper concentrates were refined to copper in China.
Organising apt business planning and management while formulating commodity trading strategies has become increasingly important in today s dynamic commodity markets. Variability in demand, capacity and costs reduce profit margins for companies across sectors.
In Namibia in southern Africa, a group of 120 sites operates on mining and producing critical metals. Mining is considered the most significant contributor to this small African country’s economy, in terms of revenue. In 2019, the mining industry contributed over 300 million dollars to govern