According to a report by China’s Jiwei, Huawei is said to be assembling a team focused on commodities trading and hedging of metal and energy commodity products.

Posts on the professional networking platform LinkedIn revealed that a month ago, Huawei was actively recruiting for positions such as a commodities trader and a commodities market analyst in Singapore. Currently, these job postings are no longer accepting applications. Additionally, other LinkedIn posts indicated that Huawei had recruited a metal commodity hedging expert and a metal research specialist in Singapore four months prior.

Reportedly, these positions will collaborate closely with Huawei’s teams in China and Hong Kong to bolster their capabilities in metal commodity hedging, research, and risk management, with a particular focus on ferrous metals, non-ferrous metals, and battery metals.

An industry source revealed that Huawei initiated the formation of this team earlier this year, currently consisting of five members, and might recruit up to four additional employees in the commodities and financial trading centers of Singapore and Hong Kong. The team’s objective is to hedge Huawei’s risk exposure in the raw materials sector, including precious metals, ferrous metals, energy, and lithium products. Presently, the team is in the process of drafting hedging recommendations and trading plans.