Mercuria Eyes African Investments to Expand Metals Trading Operations
Kostas Bintas, Mercuria Energy Group’s new head of metals, has announced that the trading house is considering stakes in African projects to establish a large-scale metals business.
“You will see us very present in Africa and putting our money where our mouth is in respect of the Copperbelt,” Bintas said during a panel at the Financial Times Africa Summit on Wednesday, referring to Africa’s mineral-rich region.
Traditionally known for its expertise in oil, natural gas, and power, Mercuria made a substantial return to metals trading this year.
This move aligns with a broader industry trend, as energy giants increase their presence in metals markets, positioning themselves alongside established players like Glencore Plc and Trafigura Group.
