Market Chatter: PetroChina to Start Metals Trading, Green Energy Transition

MT Newswires Live12-17

Oil producer PetroChina (SHA:601857, HKG:0857) is diversifying its portfolio and will start its green energy transition and minerals business, Reuters reported Monday.

The company will trade physical and paper copper, lithium, and others, the news agency cited Richard Fu, the newly joined trading manager at PetroChina International (London), as saying in a recent LinkedIn post.

A source privy to the matter said the new PetroChina unit is also considering trading nickel, in addition to carbon and electricity in European markets, according to the Reuters report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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