Greenwich Metals Inc., a U.S.-based metals trading firm, and Element Alpha, a Geneva-based energy trading company, are finalizing a potential merger that would combine their respective strengths across metals and energy markets.
The combination is expected to enhance the firms’ ability to scale volumes and better compete with larger global trading houses that enjoy more extensive financial backing and logistical leverage, according to Bloomberg. Founded in 1991, Greenwich Metals specializes in minor and nonferrous metals across North America. The company was acquired in 2018 by investors including former Trafigura traders Doug Pratt and Richard Fromme, signaling a strategic shift toward expanding its trading operations under experienced leadership.