energy and power

Mercuria Targets African Market to Strengthen Metals Trading Operations

Kostas Bintas, the newly appointed head of metals at Mercuria Energy Group, announced the trading company’s plans to explore investments in African projects as part of its strategy to build a substantial metals business. Speaking at the Financial Times Africa Summit, Bintas emphasized Mercuria’s commitment to the region, particularly the Copperbelt, Africa’s mineral-rich area.

“We’ll be making a significant presence in Africa and backing it with real investments in the Copperbelt,” he said, underscoring the firm’s readiness to support its ambitions with tangible action.

Traditionally a leader in oil, natural gas, and power, Mercuria has renewed its focus on metals trading this year, aligning with an industry-wide trend where energy firms are expanding into metals to compete with established players like Glencore and Trafigura.

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