Reported 8 months ago
Kostas Bintas, former co-head of metals at Trafigura Group, is joining Mercuria Energy Group Ltd. along with some ex-colleagues to lead a significant expansion into metals trading. Bintas, known for his bullish stance in the copper market, will head a new 40-strong metals team at Mercuria, aiming to establish a major competitor to Trafigura. Mercuria's move into metals trading comes as other energy traders like Vitol Group and Gunvor Group are also expanding into the metal markets for diversification amid the energy transition. The article also discusses Mercuria's recent hires, investments, and Bintas's history of success in the copper market.
Source: YAHOO