The Copper Trader will be responsible for building, managing and executing a profitable copper trading book focused on European and US markets. The role will include physical trading, derivative hedging, market analysis, and active management of customer and supplier relationships. This is a front-office, P&L-generating position suited to an experienced base metals trader with strong commercial instincts and established market connectivity.
Key Responsibilities
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Trade copper cathodes, rods, shapes, scrap, and concentrates across EU and US markets.
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Develop and execute trading strategies based on fundamental and technical market views, flow information, and regional arbitrage opportunities.
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Build and manage a physical book including sourcing, off-take, allocation and sales to smelters, fabricators, merchants and industrial end-users.
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Manage hedging strategies using LME/COMEX derivatives to optimise exposure, protect margin and manage risk limits.
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Identify and capitalise on arbitrage flows (EU–US, Asia–EU, LatAm–US, warehouse/financing carries, location spreads).
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Maintain strong relationships with miners, smelters, refiners, merchants, scrap suppliers, logistics providers and financing partners.
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Monitor regional fundamentals: supply/demand, freight, premiums, TC/RCs, warehouse stocks, imports/exports, macro impacts and regulatory changes.
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Work closely with operations, logistics, finance, risk, compliance and credit teams to ensure seamless trade execution.
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Manage trade lifecycle from negotiation to execution, including pricing, optionality, shipment planning and documentation oversight.
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Provide weekly/monthly market commentary and performance updates to senior management.
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Support development of junior traders and analysts, and contribute to broader metals desk strategy.