Huawei Establishes Commodity Hedging Teams in Singapore and Hong Kong

Huawei Establishes Commodity Hedging Teams in Singapore and Hong Kong

30 Sep, 2023

 

Huawei Establishes Commodity Hedging Teams in Singapore and Hong Kong

 

Huawei Technologies is making significant moves into the commodities sector, with plans to establish a commodities team specializing in trading metals and energy products. Job postings on LinkedIn, the professional social network, revealed that Huawei had been actively recruiting for roles related to commodity trading and analysis in Singapore, signaling its commitment to this new endeavor. Although applications for these positions are no longer being accepted, Huawei has been making strategic hires to build a proficient commodities team.

The company's recruitment drive included positions such as a commodity trader and a commodity market analyst in Singapore a month ago. Additionally, four months ago, Huawei was on the hunt for professionals to fill roles as a metals hedging specialist and a metals research specialist in the city-state. While Huawei has remained tight-lipped about its commodities team's hiring plans and activities, these new additions are poised to work closely with Huawei's teams in China and Hong Kong.

The commodities team will focus on enhancing Huawei's metals trading and research capabilities, with an emphasis on risk management and control. Specifically, they will concentrate on commodities such as ferrous and nonferrous metals, as well as battery metals. Currently comprising five members, the team is set to expand further, with expectations of hiring up to four additional staff in key commodities and financial trading hubs in Singapore and Hong Kong.

One of the primary objectives of the commodities team is to hedge Huawei's exposure to raw materials in various sectors, including base metals, ferrous metals, energy commodities, and lithium products. This strategic move underscores Huawei's dedication to mitigating risks associated with fluctuations in commodity prices, ensuring a stable supply chain. The team is actively involved in developing hedging proposals and trading strategies to achieve these goals.

While Huawei has not publicly disclosed its commodities initiative, these behind-the-scenes efforts demonstrate the company's commitment to diversifying its business operations and staying ahead in an ever-evolving market landscape.

 

 


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