Vitol CEO confirms energy trading giant is getting into metals

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Vitol Group confirmed that it’s starting to rebuild a trading book for metals after a long stint out of the market, with an “exciting decade” ahead.

Hardy’s comments are the first public acknowledgment of a step the energy trading giant has been making over the past six months. Vitol brought in an iron ore trader last year, Bloomberg previously reported. It’s also in the process of hiring two base metals traders who recently left rival Mercuria Energy Group, Reuters reported last week.

 

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