Huawei Sets Up Commodity Hedging Teams In Singapore, Hong Kong

(CTN News) – According to the company’s job postings on LinkedIn, Huawei Technologies (HWT.UL) is establishing a commodities team to hedge and trade metals and energy products, as reported by the company’s job postings on the professional social network.

It seems that the company, according to its LinkedIn posts from a month ago, was looking for a commodity trader and a commodity market analyst who can work in Singapore.

The application process for both positions has now closed, and applications will no longer be accepted for either position.

It was reported by separate LinkedIn posts four months ago that Huawei was also hiring metals hedging specialist as well as a metals research specialist in the city-state, as previously reported by LinkedIn.

There was no response from Huawei to Reuters’ request for comment on the commodities team hiring it has made or its plans to hire more employees in this area.

In the positions, the students will be working closely with Huawei’s teams in China and Hong Kong to grow Huawei’s metal hedging and research capabilities, as well as risk management, with a focus on ferrous, nonferrous, and battery metals, according to the job posting.

In order to grow the team,

Huawei has started building the team this year,

Which currently has five members, and the company is likely to hire up to four more employees in the commodities and financial trading hubs of Singapore and Hong Kong, a source with direct knowledge of the matter has told us.

It is Huawei’s goal to hedge its raw material exposure in base metals, ferrous metals, energy, and lithium products by ensuring they have a hedge in place, according to the source, who did not wish to be identified for the sake of keeping the matter private.

It is reported that the team is currently working on drafting proposals for hedging and trading plans, according to the source.

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