Lead Commodities Analyst - Metals Research

Lead Analyst - Commodities

Department

None

Job Description

Research Analyst - Metals
 Workplace type: On-site
 Loca􀆟on: Mumbai, Maharashtra, India
 Employment type: Full-􀆟me
Key responsibili􀆟es:
 Conduct ongoing macroeconomic analysis relevant to base and precious metals, including:
Global growth indicators, infla􀆟on, interest rates, FX (USD dynamics), and geopoli􀆟cal
developments
 Analyse fundamental supply–demand dynamics across non-ferrous and precious metals,
with par􀆟cular focus on relevant drivers such as - mine produc􀆟on, smel􀆟ng/refining
capacity, disrup􀆟ons and trends in fabrica􀆟on demand, subs􀆟tu􀆟on effects, recycling flows
 Monitor and interpret physical market indicators, including - global exchange inventories
(LME, COMEX, SHFE) and off-exchange stocks, bonded warehouse movements as well as
physical premia, treatment & refining charges, freight and arbitrage flows
 Perform technical analysis to support hedging and trading strategies with robust idea􀆟on in
terms of deal structures and execu􀆟on strategies with relevant execu􀆟on plans (stop-loss /
take-profit and entry/exit levels) in alignment with the Group’s risk appe􀆟te
 Develop and maintain near-term and medium-term price outlooks for Base metals (Copper,
Tin, Nickel, Zinc, Lead, Aluminium) and precious metals (Gold, Silver, Palladium, Pla􀆟num).
While primary coverage is envisaged with respect to Copper, Tin, Nickel, Gold and Silver,
opportunis􀆟c and episodical coverage of the other metals will be warranted from 􀆟me to
􀆟me
 Produce regular market commentary and ad-hoc event analysis covering macro data
releases, central bank ac􀆟ons and supply shocks, policy changes, sanc􀆟ons, strikes,
ESG/regulatory impacts
 On the back of the above coverage, present - clear, ac􀆟onable insights to internal
stakeholders including – Traders, Hedging Team and Senior Management. Support Hedging
and Trading Desks through: Scenario analysis, Sensi􀆟vity modelling and Risk-reward
assessments
 Maintain structured research frameworks, datasets, and dashboards to ensure analy􀆟cal
consistency and repeatability.
Required Experience & Qualifica􀆟ons:
 5+ years of relevant experience in metals research, commodi􀆟es trading support, or market
analysis is preferred. Analy􀆟cal and research experience gained within relevant
environments (e.g. metals trading / produc􀆟on house, commodity hedge fund, investment
banks’ commodi􀆟es desk, KPOs suppor􀆟ng metals research efforts of global service
providers or the metals domain of ra􀆟ng agencies or research firms) will be considered as
relevant experience
 Demonstrable experience in analyzing Copper will be strongly preferred with at least some
exposure to other base and/or precious metals
 Experience of direct interac􀆟on with trading, hedging, or risk management func􀆟ons is
strongly preferred
 Experience working with both paper markets and physical market indicators (not purely
macro or equi􀆟es research) will be an added advantage
 Bachelor’s degree (required) in: Economics / Finance / Engineering / Mathema􀆟cs /
Sta􀆟s􀆟cs and / or related quan􀆟ta􀆟ve or numerical disciplines
 Master’s degree (MSc / MA / MEng) in a relevant field is advantageous
 Professional qualifica􀆟ons will be viewed posi􀆟vely, including - CFA (completed or in
progress), FRM and other recognized commodi􀆟es, deriva􀆟ves, or financial market
cer􀆟fica􀆟ons
Skills & Technical Competencies:
 Strong understanding of - Global metals supply chains, Exchange-traded deriva􀆟ves
(futures, op􀆟ons) and dealing structures
 Proficiency in quan􀆟ta􀆟ve and analy􀆟cal tools, including:
- Advanced Excel / spreadsheets
- Data pla􀆞orms (e.g. Bloomberg, Refini􀆟v, LME data, SHFE data)
- Technical analysis tools and char􀆟ng pla􀆞orms
- Hands on experience in harnessing AI tools to enrich forecas􀆟ng and quality of
idea􀆟on will be considered an added advantage
 Ability to synthesize macro, fundamental, physical, and technical inputs into coherent
market views and hedging / trading idea􀆟on
 Excellent wri􀆩en and verbal communica􀆟on skills: ability to translate complex market
dynamics into concise, decision-oriented insights
 High a􀆩en􀆟on to detail, intellectual curiosity, and strong commercial awareness
 Comfortable working in a fast-moving, trading-driven environment with 􀆟me-sensi􀆟ve
deliverables
 Prior experience suppor􀆟ng a physical metals trading desk would be an advantage
Exposure to hedging programs for producers, consumers, or trading en􀆟􀆟es
Familiarity with ESG, decarboniza􀆟on, and energy-transi􀆟on themes as they relate to metals
demand

Open Positions

1

Mandatory Skills

Research Paper

Education Qualification

Post graduate in finance / business studies / CFA

Experience

5 to 8 years