Open Mineral (OM) combines a physical commodity trading business with a technology platform intended to support procurement, financing, logistics, and distribution of raw and refined metals. The vendor states it uses proprietary datasets and machine learning to support trading efficiency and market intelligence. The company operates both as a merchant (physical and paper trading) and as a platform intended to enable counterparties to connect and execute trades.
The vendor describes itself as a global metals trading company that uses internal data and machine learning techniques to support counterparties in physical and paper trading.
Older coverage describes OM as a physical commodities marketplace with supporting capabilities such as electronic document exchange, calculators, and ancillary services (freight, QC, financing, insurance).