Finance
Glencore poaches alumina trader Zach Mayer from Gunvor
Published by Global Banking & Finance Review®
Posted on February 6, 2025
1 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 6, 2025
1 min readLast updated: January 26, 2026
Zach Mayer leaves Gunvor to join Glencore as an alumina trader, highlighting a shift in metals trading dynamics.
LONDON (Reuters) - 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.
(Reporting by Reuters; editing by Nia Williams)
The article discusses Zach Mayer's move from Gunvor to Glencore as an alumina trader.
Mayer's move is unusual as most shifts in metals trading are from established players to new entrants.
Ulas Alkan will take over the alumina book at Gunvor.
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