Risk & Energy Risk commodity rankings 2013: Metals

In a torrid year for metals traders, Société Générale retained pole position in base metals, with UBS again leading the way in precious metals. Tom Newton reports

Risk & Energy Risk commodity rankings – full results

There have been two certainties for metals markets in the post-crisis years – an insatiable appetite for gold that has supported years of double-digit price increases, and the booming Chinese economy that has put a floor under base metals values. In 2012, accompanied by a dip in trading volumes, those two pillars of the market suddenly became shaky. In base metals markets, participants also started complaining that new financing techniques are