Marex Group (MRX) is in discussions to acquire metals and energy trader Levmet as part of its physical commodities expansion plans, Bloomberg reported Thursday, citing people with knowledge of the matter.

There is no guarantee that a deal will be finalized, the report said.

A deal would provide Marex access to physical metals and energy markets, positioning it to better compete with companies like StoneX (SNEX), according to Bloomberg.

Marex declined to comment while Levmet did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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