Citadel is moving into industrial metals, shifting its stance after years of avoiding the sector as prices from copper to tin hit record highs, Bloomberg reports citing sources

• The hedge fund has hired Ylan Adler as a portfolio manager with a cross-commodities mandate of which metals will be a key part, according to sources.
• The move comes amid a wider rush of interest in metals trading, as a red-hot market draws many other funds and trading houses to expand into the sector.

Citadel's entry into industrial metals marks a significant shift in its investment strategy, particularly as prices for copper and tin reach record highs. This move reflects broader market trends where heightened interest in metals trading is drawing numerous funds and trading entities to capitalize on the lucrative opportunities within the sector.