September 19th 2017
Following a broker agreement in early 2017 with US-based INTL FCStone Inc., a financial services firm, WISTHEM has begun operations in metal commodities. In the third quarter of 2017, our company opened a new commodity department for metals, which primarily encompasses industrial metals such as aluminium, alumina, copper, zinc, and iron ore, among others.
WISTHEM’s proven risk management methods and sturdy liquidity metrics facilitate decisive actions, even in volatile or high-priced markets. We are recognised as an organization with strong, carefully-maintained financial infrastructure. As such, partners and clients can expect carefully managed risk and low volatility in metals commodity trading with Interactive Energy.
Our team has previous relevant experience in the alumina and aluminium markets. It is this logistical and trading expertise that enables us to work with varied market participants, offering a wide range of trading solutions. In a market dominated by a handful of major players-large-producing companies- WISTHEM is poised to deliver value and enable quality execution through flexible and innovative trade structures, founded on our core skills of shipping and distribution.
And with the opening of the newest subsidiary branch of WISTHEM in the Democratic Republic of the Congo (DRC), our company expects to quickly become a formidable presence in the metal commodities market. The DRC is a vast fountainhead-among the largest in the world-of natural resources, particularly metals including cobalt ore and copper.
The new subsidiary is named Interactive Energy DRC SA, and its purpose is to carry out, on its behalf and on behalf of third parties (partners and clients), the investment and activities in mining resources, as well as oil and infrastructure.
Recent research indicates that the global demand for aluminium, which currently exceeds 50 million tonnes, will grow to approximately 75 million tonnes by 2020. This demand is driven by the growing usage of aluminium in the automotive, aerospace, and construction industries. Alumina, a white granular material finer than table salt, is the starting material for the production of aluminium (in addition to its non-metallic applications), and therefore plays an essential, but little known, role as a raw material in the commodities market.
The demand for iron ore is equally on the rise, proportionately higher in industrialised countries. Currently, China imports about 75 million tonnes of iron ore each month in order to produce half of the world’s steel (around two million tonnes per day).
WISTHEM is looking ahead towards a bright future, particularly regarding the strategic potential that metal commodities can afford both our enterprise and our partners. For more information regarding metal commodities and our new department, please contact us today.