Power
Enel Global Trading: Global Energy and Commodity Management and Chief Pricing Officer 
Metal derivatives
Physical and financial metal derivatives
Product Features
Derivatives on metal products allow to assume forward positions on the main existing international markets. EGT trades copper, aluminum, and various types of steel (rebar, scrap, HRC) across different geographies, operating on the principal global exchanges, in particular, on the London Metal Exchange and the Chicago Mercantile Exchange.
For copper and aluminum, physical delivery futures are available on the exchanges on which it is also possible to build up financial swaps with settlement reference determined by exchange futures. For all the different types of steel, the exchange futures have financial settlement based on indices of the main global providers (Platts, Argus).
Hedging opportunity
Possibility of managing and reducing the risk associated with price risk exposures on metals, often associated with renewables and digital transition.
Diversification
Wide range of material types and geographies (Europe, US, Asia).
Market opportunity
Possibility to take opportunities on markets of fundamental importance for the ecological and digital transition.
