Trafigura’s former battery metals co-head Wetterwald is leaving

22nd January 2024

By: Bloomberg


Font size: - +

Mehdi Wetterwald, who was briefly co-head of battery metals at Trafigura Group, is leaving the trading house in the latest senior departure from its metals unit.


Wetterwald, who joined Trafigura in 2012, was appointed to run global nickel, cobalt and lithium trading as co-head alongside Daniel von Arx last February, in the wake of the revelation of a massive alleged nickel fraud against the company. Last autumn, von Arx was named the sole head of the division.

Wetterwald is leaving the company for personal reasons, according to people familiar with the matter, who asked not to be identified as the matter isn’t public.

He’s the latest senior figure to depart the metals division, after a period marred by the nickel losses and the financial woes of a Congolese copper-cobalt project backed by Trafigura.

In the past twelve months, senior departures have included Socrates Economou, the previous head of nickel and cobalt trading; Kostas Bintas, the head of copper and former co-head of metals; Simon Grenfell, the head of metals business development; and Svetlana Kabanova, the head of metals operations.

Still, in its annual report last month, CEO Jeremy Weir described Trafigura’s metals performance as “robust,” and the company noted that the unit’s profits would have been above the previous three-year average without the nickel loss.

Edited by Creamer Media Reporter


The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?