Commodity Trader’s Breakneck Rise Puts Global Market on Edge

It ships enough iron ore every day to build the Empire State Building twice over. It’s grown almost tenfold in the past decade to become one of the largest traders of the world’s most-traded commodity after oil. It’s made bets so bold and bullish that they’ve even drawn the attention of the Chinese state.

And yet, even within the commodities industry, few people have heard of Radiant World.

Among those who have, the trading house, which started life in India but now operates from offices in Singapore, London and Dubai, divides opinion: is its success simply the result of ...