Getting a Start in Metals Trading
College student here, interested in physical commodities trading and looking for a way to get my foot in the door of the industry. Metals is very interesting along with energy, but getting started in energy seems a little more tricky since I'm not based in TX.
Any recommendations on where to start? I've been thinking about cold reaching out to recyclers and firms of that nature to try and land a gig for the summer.
To break into metals trading, starting with recyclers and firms in the metals supply chain is a solid idea. Based on the most helpful WSO content, here are some actionable steps:
Target Support/Service Sectors: If you're overlooked for roles at physical trading shops, consider internships with support sectors like container shipping companies, freight forwarders, or warehouses (e.g., Steinweg). These roles provide valuable exposure to the logistics and operations side of metals trading.
Work with Producers/Consumers: Interning with metal producers, recyclers, or large consumers of metals can give you hands-on experience and industry insights. Companies in these areas are often more accessible and less competitive than trading firms.
Cold Outreach: Cold emailing or calling recyclers, smelters, or firms involved in the metals supply chain is a great way to land opportunities. Highlight your interest in the industry and willingness to learn.
Networking: Build relationships with professionals in the industry. Attend industry events, connect with alumni, and leverage LinkedIn to reach out to people in metals trading or related fields.
Develop Relevant Skills: Familiarize yourself with the basics of physical trading, including logistics, pricing, and market dynamics. Understanding how supply chains work and what drives metal prices will make you stand out.
Consider Related Internships: If metals trading roles are hard to come by, internships in trade finance, commodity futures brokerage, or even working on a farm in a metals-producing region can add value to your resume.
By starting in these areas, you'll gain the experience and network needed to transition into a trading role later. Good luck!
Sources: A few questions on getting started in physical trading, 5 Steps To Becoming A Rockstar Freshman (Undergrad Advice), Physical Commodity Trading, Landed a position at Glencore straight out of Uni - Now how do I become a trader?, Advice On a Career
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