A four-digit-percentage growth in volume and revenues up 280% year-on-year has shown the UBS base metals desk to be a clear winner in this year's base metals category. The growth and strength achieved is the culmination of two years' hard work, according to global head of commodities Peter Ghavami, as the metals – both base and precious – and energy desks have been developed and recently brought together into a global commodities business.

Ghavami attributes UBS's tremendous base metals growth to

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