Glencore poaches alumina trader from Gunvor

Gunvor’s alumina trader Zach Mayer is leaving the Geneva-based commodity trader to join London-listed miner Glencore from May 1, according to a source with knowledge of the situation.

Mayer joined Gunvor in October 2023, according to his LinkedIn profile. It was not possible to reach Mayer for comment.

Gunvor confirmed Mayer’s departure, saying he was leaving for personal reasons, and added the alumina book would be taken over by Ulas Alkan.

Glencore declined to comment.

Gunvor mostly trades oil and other energy products. It has recently forayed into metals with the expectation that structural changes in the sector triggered by the energy transition will prove profitable.

Energy traders Mercuria and Vitol are also delving into metals. Mayer’s move from Gunvor is unusual in that most of the moves in metals trading have been to these new entrants from established players.

(Editing by Nia Williams)

Read More: Glencore loses senior aluminum traders to rivals Vitol, Mercuria