Junior Metals Trader / Trader, Copper
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Junior Metals Trader / Trader, Copper
[Employer hidden — sign up to reveal] is seeking a commercially minded and tenacious individual to join our dedicated Copper trading desk. This is a full-time, permanent role based in London, UK with hybrid working (4 days in office / 1 day from home). The role offers a competitive salary and comprehensive benefits.
Who We Are
[Employer hidden — sign up to reveal] is a state-owned business and the publicly listed arm of the China National Petroleum Corporation “CNPC”. [Employer hidden — sign up to reveal], a subsidiary of [Employer hidden — sign up to reveal], serves as the international trading arm. [Employer hidden — sign up to reveal] (PCIL) is now expanding into metals trading.
Key Responsibilities
- Support the Trading Manager with daily management of the global copper trading book, including positions, exposures and P&L.
- Produce accurate daily exposure and position reports using internal risk and trading systems.
- Assist with hedging activities and corresponding profit and loss analysis.
- Capture new trades, update positions and ensure system accuracy and data integrity.
- Analyse historical trades, market trends and price movements to support trading decisions.
- Help identify arbitrage opportunities and propose derivative strategies under supervision.
- Liaise with internal teams including Risk, Operations, Treasury, Settlement, Legal and KYC to ensure smooth trade execution.
- Maintain and update cost accruals and support deal reconciliation.
- Collect, interpret and distribute market information with developing commercial insight.
- Execute trades under the instruction and supervision of the Trading Manager as part of on‑the‑job development.
What We’re Looking For
- Previous trading experience and familiarity with the physical and derivatives Copper market (ideally Refined Copper, Concentrates, Cathodes, Scraps), with a focus on global physical trading is highly advantageous.
- Prior track record successfully generating revenue is highly advantageous.
- Have a pre-existing network amongst consumers of copper products and/or knowledge of typical trading counterparties and supply chain.
- Good understanding of the Copper markets, trading regulations, fundamentals, products, grades, qualities, geographies, and environmental influence on the market.
- Proficient analytical and numerical skills with the ability to interpret and assess market trends, news to make informed data-driven decisions.
- Competent communicator and capable of building relationships with a range of stakeholders.
- Proactive, collaborative mindset with a desire to learn in a fast paced trading environment.
What You Get in Return
Competitive salary (commensurate with experience) plus comprehensive benefits: Insurance, Private Medical (self & family), Travel (self & family), Dental (self), Life Assurance, Gym membership, Pension, up to 30 days holiday plus bank holidays, discretionary performance bonus.
About [Employer hidden — sign up to reveal]
[Employer hidden — sign up to reveal] comprises trading and refining joint ventures between [Employer hidden — sign up to reveal] and INEOS. Established in 2011, [Employer hidden — sign up to reveal] is one of Europe’s leading International Integrated Energy Trading Companies. Discover more.