Physical energy and metals. Traded and financed.
DMJ Investment AG buys, moves and delivers crude oil, energy products, aluminium and copper, and finances the flows it trades.
What we do.
Physical only.
We buy cargoes and lots, not positions. Every trade has an origin, a vessel or a warehouse, and a delivery point.
Financed by us.
We finance the trades we make and, selectively, the trades of counterparties we know: prepayment, letters of credit, inventory and receivables.
Delivered as agreed.
Grade, quantity, place and date, as contracted. Documentation that a bank can read.
Four desks.
One discipline across all four: physical product, known counterparties, financed and documented cargoes.
Crude, energy products and metals, 2025
Waterborne, rail and warehouse, 2025
Producers, refiners, smelters, end users
Across twelve offices
Where we sit.
Trading and operations run out of Zug, with people close to the load ports, the smelters and the buyers. Every lane on the map is served by a desk that answers the phone.
Europe
4 offices
- ZugHead office
- Geneva
- London
- Istanbul
Middle East and Africa
2 offices
- Dubai
- Johannesburg
Americas
3 offices
- Houston
- Santiago
- Lima
Asia Pacific
3 offices
- Singapore
- Shanghai
- Mumbai
One cargo, end to end.
Trading and financing are one process. This is what happens between a producer and a buyer when DMJ is in the middle.
Stage 01 / 06 — Sourced
Sourced
A producer, refiner or smelter we know. Grade and quantity agreed against a recognised specification.
Financed
DMJ structures the funding: prepayment to the seller, a letter of credit through a partner bank, or our own balance sheet.
Loaded
Independent inspection at the load port. Quantity and quality certified before title moves.
Shipped
Vessel or rail nominated, insured and tracked. Documents follow the cargo.
Delivered
Discharge and inspection at destination. The buyer receives what was contracted.
Settled
Payment against documents. The trade closes. The relationship continues.
From the desks.
Atlantic basin sour grades find a home east of Suez
Wider Brent–Dubai has pulled West African and Mediterranean sour barrels toward Indian and Chinese refiners, lengthening voyage days and firming Suezmax rates on the Med–West coast India run.
Northwest European gasoil holds a backwardated curve
ARA gasoil stocks sit below the five-year average into the autumn maintenance window, keeping prompt CIF NWE cargoes bid against barge differentials.
Duty-unpaid Rotterdam premiums drift as alumina softens
European duty-unpaid premiums eased toward the low $200s/mt while Australian alumina slipped below $420/mt, narrowing smelter margins outside long-term power contracts.
Who we work with.
Producers and refiners
Sellers of crude and products who want a financed buyer and a clean lifting.
Smelters and mills
Sellers and buyers of primary metal who need volume moved on schedule.
Industrial consumers
Plants that need product or metal delivered to specification, on time, with the paperwork done.
Banks and insurers
Partners who finance, confirm and insure our flows, and who can read our documentation.
A private Swiss company.
DMJ Investment AG is registered and managed in Zug. It has traded physical energy and metals since 2014.
Talk to a desk.
We work with identified corporate counterparties only.