Move serves accelerating commodities ramp-up in the Southern CEE and Central Asia, with Nigerian capital eyed in 2026.
Leading financial information provider S&P has opened a new footprint for its commodities arm in Istanbul, further expanding the firm's emerging markets presence after similar openings and upgrades earlier this year in India and Saudi Arabia.
S&P Commodity Insights drops into Türkiye's biggest city, suitably once home to the Sublime Porte, at a heady time. The country continues to build its reputation as a regional conduit for commodity resources trading and transit, as well as newly-attracted capital from the GCC. With its geographical position and financial infrastructure growing more important in the years following Russia's invasion of Ukraine, it is also benefitting from rapid development of new energy and cross-continental delivery routes from its neighbors to the east.
"Amidst the evolving trends in global commodity flows, we see Istanbul as a natural hub – where East meets West -- for our increased activities not only in Türkiye, but in the Mediterranean, Central Asia, the Balkans and the Caucasus markets,” said Dave Ernsberger, Co-President, S&P Global Commodity Insights.
The firm has also noted its roots in the region, including its Platts franchise's price reporting leadership for ferrous scrap metal in the country, which is the world’s largest importer of the material, and a leading player in global steel recycling and crude steel production.
Following on an EM-focused 2025, Commodity Insights is also underway preparing an opening in the Nigerian second city of Abuja for early 2026.
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