What Levmet does

Levmet is a Monaco-headquartered global commodity trading company founded in 2011 by professionals from the ferrous and non-ferrous metals industry. The company markets, trades, distributes, and transports physical commodities — including base metals, ferrous metals, dry bulk commodities (thermal coal, coking coal, anthracite, petroleum coke, ferrochrome), petroleum products (LPG via the Levgas SAM subsidiary), and power and gas — alongside environmental markets (carbon offsets, GHG verification) and renewable energy investments (solar, wind, storage). Levmet operates both physical and derivatives books, using futures, options, and swaps to hedge price risk and offer risk management services to counterparties. Its core technology is a commodity trading platform with physical and derivatives market infrastructure, including funding, storage, blending, and risk management operations across eight offices in Monaco, London, Dubai, Malta, Switzerland, Shanghai, Singapore, and Johannesburg. Subsidiary structure includes Levmet S.A.M. (Monaco), Levmet (UK) Limited, Levmet Trading DMCC (UAE), Levmet Holdings Limited (Malta), Levmet Switzerland AG, Levmet (Shanghai) Limited, Levmet ZA Limited, Levmet Singapore PTE Ltd, Levgas SAM, LEVCO SARL, and the Steelmet International and Steelmet Germany steel trading brands.

The company makes money primarily through transaction-based physical commodity trading, with revenue concentrated in physical flows and supplemented by derivatives trading fees and carbon offset services. Pricing is quote-based and negotiated bilaterally per transaction, with no public pricing disclosure. Its go-to-market is direct B2B relationship selling to steel producers, energy companies, industrial manufacturers, and counterparties needing carbon offsets or environmental products. Key customer segments include global producers and end-users, carbon-needed counterparties, and thermal coal and coke customers; distribution is via direct trading relationships globally. Levmet was privately held throughout its standalone history and was acquired by Nasdaq-listed Marex Group plc in June 2026, after which it operates as a wholly-owned subsidiary focused on physical market-making and European energy trading.

Name

Levmet

Legal name

Levmet S.A.M.

Website

https://levmet.com

Company type

Private

Founded year

2011

Operating status

Acquired

Headcount range

51–100 employees

Short description

Levmet is a Monaco-headquartered global commodity trader (founded 2011) that markets, distributes, and transports base metals, ferrous metals, dry bulk, LPG, power and gas, and environmental products across eight offices worldwide; acquired by Marex Group in June 2026.

Ownership category

akta.pro rank

Product category

Commodity Trading

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (52316), Petroleum and Petroleum Products Merchant Wholesalers (4247), Wholesale Trade Agents and Brokers (42512)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Commodity Derivatives (Energy, Metals, Ags) (FSACADAE)

Keywords

• Commodity trading services
• Base metals trading
• Energy commodities trading
• Physical commodity distribution
• Carbon offset services

Headquarters

HQ city

Monaco

HQ country

Germany

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Physical Commodities Trading: Physical trading of base metals, bulk commodities, petroleum products, and power constitutes the vast majority of Levmet's revenues. The company markets, trades, and distributes physical commodities globally, providing tailored solutions to counterparties.
2. Carbon Offset Services: Levmet provides carbon neutral commodities and emissions offset services, retiring credits from nature-based projects against emissions. Revenue generated through project investments and credit trading.
3. Derivatives Trading: Trading of futures, options, and swaps derivative products for risk management and hedging services to counterparties.

Distribution channels1 record

Core offering

Levmet is a global commodity trading company that markets, trades, distributes and transports physical commodities including base metals, bulk commodities, petroleum products, power and renewables, while also trading derivatives (futures, options, swaps) for risk management. The physical commodities trading operations constitute the vast majority of revenues. The company provides tailored solutions to producers and end-users, combining funding, storage, blending and risk management across its international office network.

Product overview

Levmet is a leading global commodity trader operating as a unified platform across multiple trading divisions. The core offering encompasses Metals & Minerals (base metals), Energy (LPG via Levgas SAM subsidiary, Power & Gas), Dry Bulk Commodities, and supporting services including Price Risk Management, Environmental Markets, and Renewables. The company markets, trades, and distributes physical commodities reliably and responsibly globally, with strong focus on risk management while delivering tailored solutions to counterparties. The physical commodities trading operations have become the primary revenue driver, complementing futures market activities.

Differentiator

Problem solved

Functional benefit

Products and services

• Metals & Minerals Base metals trading operations spanning Asia, Europe and US trading hubs, exploiting location disconnects and delivery date arbitrage opportunities through established networks and risk management infrastructure.
• LPG (via Levgas SAM) LPG freight, cargo and derivatives trading with global coverage, providing mutually beneficial trading solutions through extensive market understanding and operational expertise in the LPG supply chain.
• Power & Gas Wholesale power markets trading with active presence in European and North American derivative contracts, leveraging cross-commodity analytical capabilities for market-beating efficiencies.
• Dry Bulk Commodities Global dry bulk commodity trading combining funding, storage, blending and risk management operations, with focus on thermal coal, coking coal, anthracite, petroleum coke, and ferrochrome.
• Price Risk Management Price risk hedging services providing comprehensive hedging strategies using futures, options and swaps derivative instruments to protect against market fluctuations for physical trading counterparties.
• Environmental Markets Environmental products market participation including compliance and voluntary carbon markets, offering carbon neutral commodities, GHG emissions verification, and offset/hedge tools for clients' sustainability journeys.
• Renewables Strategic investments in solar, wind and power storage projects globally, with Levmet Renewables investing in and developing renewable projects at varying stages of development.

Quantifiable outcome

• Over 210,000 hectares of forest planted/protected through carbon offset projects
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Marex GroupcoreOthers · 10 June 2026Marex Group, a Nasdaq-listed commodities and financial markets services provider, acquired Levmet in 2026. The transaction expands Marex's physical market-making operations and European energy trading capabilities, adding Levmet's physical and derivatives trading in base metals, ferrous metals, energy and power markets to Marex's platform. Marex President Simon van den Born stated the acquisition aligns with the company's strategy of expanding capabilities while maintaining strong focus on risk management.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Red Kite Group: Independent metals trading house focused on base metals concentrates and refined metals. Red Kite is a comparable peer for Levmet's Metals & Minerals franchise, with a similarly focused physical-trading orientation.
• Concord Resources: Privately-held global metals and concentrates trader with cross-commodity capabilities. Concord competes with Levmet's Metals & Minerals desk in base metals trading and shares a similar mid-size, entrepreneurial profile.
• Gunvor Group: Privately-held global commodity trader specializing in energy (oil, gas, LPG, power) with growing metals and renewables exposure. Gunvor is a closely comparable private peer to Levmet in physical + derivatives energy trading and similar geographic footprint.
• Hartree Partners: Privately-held global commodities and energy merchant operating physical and derivatives businesses across power, natural gas, oil, metals, and environmental markets. Hartree is a near-direct peer to Levmet in cross-commodity physical + derivatives trading.
• Mercuria Energy Trading: One of the largest privately-held global commodity traders, focused on energy and commodities with both physical and financial operations. Levmet's Chairman (Chivers) and Board member (Chapman) both came from Mercuria, and Levmet explicitly competes with Mercuria in European energy, LPG, and crude trading.
• Freepoint Commodities: Privately-held global commodities merchant focused on physical and financial trading of energy, metals, and environmental products. Freepoint closely mirrors Levmet's mid-size private commodity trading model with multi-commodity physical + derivatives exposure.

Broad incumbents

• Marex Group plc: Nasdaq-listed financial services platform providing commodities and financial markets services, including physical market-making, hedging, and clearing. Marex is Levmet's parent post-2026 acquisition and a peer in physical commodities market-making, particularly energy and metals.
• Vitol: The world's largest independent oil and energy trader with growing metals and power desks. Vitol competes directly with Levmet in physical oil products, LPG, and increasingly in power/gas and metals, though at materially greater scale.
• Trafigura: A top-tier global commodity trader with deep physical operations across metals, minerals, and energy, plus derivatives. Trafigura competes with Levmet in base metals, dry bulk, and oil products, and is far larger but follows the same physical-plus-derivatives model.
• Glencore: The world's largest publicly-listed diversified commodity trader and marketer, with integrated industrial assets in metals, energy, and agricultural products. Glencore competes with Levmet in base metals, coal, oil products, and power on a much larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Levmet