Trafigura signs up to USD800 million critical metals insurance policy with Saudi EXIM Bank and completes first deal
Riyadh, 14 January 2026 – Trafigura Group Pte Ltd. ("Trafigura"), a market leader in the global commodities industry, and the Saudi Export-Import Bank (“Saudi EXIM”) signed a first-of-its kind critical metals insurance policy during the Future Minerals Forum 2026 in Riyadh. The policy will support multi-year prepayment transactions with mining companies worldwide, with an expected value of up to USD800 million (SAR3 billion).
Under the agreement, Saudi EXIM will provide credit insurance for prepayment facilities provided by Trafigura to mining companies. The first transaction to be covered under this policy is a copper prepayment facility to a global metals producer – the first financing of this type to be backed by credit insurance from an Export Credit Agency.
The collaboration between Saudi EXIM and Trafigura enables the Kingdom of Saudi Arabia’s sustained access to critical metals and minerals and strengthens its role in global supply chains. This latest agreement builds on Trafigura’s existing strong relationship with Saudi EXIM, with the signing of a USD500 million credit facility in 2023, which was subsequently upsized to USD700 million in 2025.
Gonzalo De Olazaval, Global Head of Metals and Minerals at Trafigura, commented: "We are pleased to have signed this landmark agreement with Saudi EXIM. Its innovative financing structure – with our first deal already completed – demonstrates how Export Credit Agencies and commodity trading companies can work together to support the development of critical metals and minerals supply chains.”
H.E. Eng. Saad AlKhalb, CEO of Saudi EXIM, added: “This agreement further enables mining value chains and strengthens the Kingdom’s presence in critical minerals markets, in line with the objectives and programs of Vision 2030. Today, minerals are not merely industrial inputs; they are strategic components of energy security and industrial and technological transformation across the globe. This reality demands more flexible financing instruments and sounder capabilities to manage cross-border risks—a role fulfilled by Saudi EXIM Bank through its financing, insurance, and supply chain financing solutions.”
ENDS
For further information please contact:
Trafigura’s Press Office: +41 (0) 22 592 4528 or media@trafigura.com
About Trafigura
Trafigura is a leading commodities group, owned by its employees and founded over 30 years ago. At the heart of global supply, Trafigura connects vital resources to power and build the world. We deploy infrastructure, market expertise and our worldwide logistics network to move oil and petroleum products, metals and minerals, gas and power from where they are produced to where they are needed, forming strong relationships that make supply chains more efficient, secure and sustainable. We invest in renewable energy projects and technologies to facilitate the transition to a low-carbon economy, including through MorGen Energy and joint venture Nala Renewables.
The Trafigura Group also comprises industrial assets and operating businesses including multi-metals producer Nyrstar, fuel storage and distribution company Puma Energy, the Impala Terminals joint venture and Greenergy, supplier and distributor of transportation fuels and biofuels. The Group employs approximately 14,500 people, of which over 1,400 are shareholders, and operates in over 150 countries.
Visit: www.trafigura.com