Trader Gerald Metals shifts focus to London, Shanghai in global restructure

Gerald Metals is restructuring its Asian and European trading teams by moving staff to London and Shanghai trading hubs, group head of finance Jean Baudois told Metal Bulletin.

Stamford, Connecticut-headquartered Gerald operates globally from several large offices. Following the restructure, some staff in Singapore will move to Shanghai or London, while front office staff in Morges, Switzerland, will move to London. Both offices are downsizing but will remain open.

“The group is growing and we are reorganising our footprint; in Asia we are concentrating our forces in Shanghai and in Switzerland the same. We have offices in Morges, Switzerland, and today London is supposed to become the main trading centre of the group,” Baudois said.

Gerald’s Asian operations are focused on trading refined copper and copper concentrates. Moving the team to Shanghai means they will be situated in the world’s largest consumer of the metal: China.

No Asia-based staff have left the company as a result of the restructure, while several traders have already relocated from Morges to London, Baudois said.

Founded in 1962 as a base metals trader, Gerald bought the metals trading arm of Reuben Brothers Resources Group in 2014.

[This article was updated on Tuesday July 18 at 14:51 London time to include additional information that both Singapore and Morges offices are downsizing but will remain open.]

What to read next
The United States is taking steps to strengthen its critical mineral supply. This move focuses on boosting domestic production, improving supply chains, and addressing regulatory challenges. These efforts aim to enhance economic growth and reinforce national security.
During the extended consultation, Fastmarkets received comprehensive and wide-ranging feedback from a broad cross-section of the P1020A value chain.The majority of the market feedback received during the consultation was in support of Proposal 1, with most participants preferring its simpler, more coherent mechanism of reflecting CBAM costs than Proposal 2. Proposal 1: Reporters may apply expert […]
The London Metal Exchange has been fined $12 million by the Financial Conduct Authority (FCA) for its role in the rollercoaster nickel market saga three years ago
This is a follow-up pricing notice to yesterday’s notice about the delay. The following prices were affected by this:MB-AL-0256 Aluminium fixing price for LME trade, rand/tonne MB-CU-0338 Copper fixing price for LME trade, rand/tonne MB-PB-0064 Lead fixing price for LME trade, rand/tonne MB-NI-0093 Nickel fixing price for LME trade, rand/tonne MB-SN-0005 Tin rand fixing price for LME trade, rand/tonne MB-ZN-0072 Zinc rand […]
A second pricing notice will follow when the pricing database has been updated.  The following prices have been affected by this:MB-AL-0256 Aluminium fixing price for LME trade, rand/tonne MB-CU-0338 Copper fixing price for LME trade, rand/tonne MB-PB-0064 Lead fixing price for LME trade, rand/tonne MB-NI-0093 Nickel fixing price for LME trade, rand/tonne MB-SN-0005 Tin rand fixing price for LME trade, […]
President Trump has threatened to double tariffs on Canadian steel and aluminium to 50%, potentially escalating tensions in US-Canada trade relations. If implemented, this move could have significant economic consequences and may prompt retaliatory actions from Canada. The article examines the potential implications of this tariff hike and its impact on the steel and aluminium industries, as well as the broader trade dynamics between the two nations.