About · The Merchant

Fifteen years. Seven countries.
Twenty commodities.

A senior physical commodity trader managing a multi-billion dollar book across base and precious metals on international trading desks.

Biography

The Commodity Merchant is a senior physical commodity trader with over fifteen years of experience across international trading desks, currently managing a multi-billion dollar physical and derivatives book spanning base and precious metals.

The portfolio today covers more than twenty physical commodities actively bought, sold, shipped, and hedged across four continents. Material originated from major producing regions across Europe, Africa, Asia, the former Soviet Union, and the Americas — and delivered into smelter, refiner, and end-user networks spanning East Asia, the Middle East, and the Western markets.

A career built across seven countries. The first chapter in London, on the commodity finance side of a major UK bank — learning how deals are structured, financed, and risk-managed. The second in Hong Kong, on the trading desk of a major Asian merchant, moving from finance into origination and execution of physical base metals across Asia-Pacific flows.

The third chapter built across the Middle East and Southern Africa over the past seven years — running specialist metals trading activity for a private commodity house, building teams, and taking P&L responsibility for a multi-billion dollar book.

Day to day, the job covers the full lifecycle of physical trade: origination, term contract structuring, trade finance and letter of credit execution, freight and logistics management, derivatives hedging, counterparty and country risk, and the compliance frameworks that govern international commodity flows.

The metals in your phone, your car, your building, your power grid — someone traded them. This is what that looks like from the inside.

Career · Three Chapters

Across three continents.

Chapter I
Commodity Finance
London · United Kingdom
Commodity trade finance at a major UK bank. Structuring trade facilities, letters of credit, and working capital solutions for metals producers and traders. The foundational chapter — learning how physical commodity flows are financed, documented, and risk-managed at the institutional level.
Chapter II
Base Metals Trading
Hong Kong · Asia-Pacific
Base metals trading at a major Asian commodity merchant. Origination and execution of physical copper, zinc, and aluminium flows across Asia-Pacific. Building relationships with producers in Central Asia and the former Soviet Union, delivering into Chinese and Southeast Asian smelter networks.
Chapter III · Present
Senior Trader & Business Lead
Dubai & Johannesburg · MEA
Running specialist metals trading activity for a private commodity house. Taking P&L responsibility for a multi-billion dollar book across base and precious metals, building trading teams, and leading origination across African and Central Asian producing regions.
What The Role Covers

The full lifecycle of physical trade.

01
Origination & Structuring
Sourcing product flows from producing regions. Structuring term contracts, off-take agreements, and tolling arrangements with mines, smelters, and refiners.
02
Trade Finance & LCs
Managing documentary credits, structured trade finance, and working capital facilities. Navigating the banking side of physical commodity flows.
03
Freight & Logistics
Chartering vessels, managing ocean freight, demurrage, port operations, and the documentary chain around physical delivery.
04
Derivatives & Hedging
LME, COMEX, and OTC derivatives. Hedging price, basis, and quotational period exposures across the book. P&L discipline on paper and physical combined.
05
Risk Management
Counterparty credit, country risk, market risk, and operational risk. The quiet work that determines whether a good trade becomes a good outcome.
06
Compliance & Sanctions
Sanctions screening, KYC, AML, and the compliance frameworks that govern international commodity flows. Navigating the grey zones.
Core Expertise

Twenty+ physical commodities.

Base and precious metals actively traded across the book — both as refined metal and concentrated ore.

Gold Silver Platinum Palladium Copper Aluminium Zinc Lead Nickel Tin Iron Ore Cobalt Copper Concentrate Zinc Concentrate Lead Concentrate Ferroalloys Chrome Manganese Molybdenum Gold Dore Silver Dore
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