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...In 2014 it bought part of JPMorgan’s physical commodities trading business to bolster its operations, particularly in US power markets....
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...On the other hand, there is Russia with stranded gas, lots of it, and which wants better terms,” he said “I guess it’s a bit of horse-trading at the moment.”...
...Global head of trading Magid Shenouda is leaving the commodity house Mercuria where he was once tipped as a potential successor to the group’s founders, according to a person familiar with the matter....
...As a result of aggressive Chinese investment, Darton Commodities now expects China to own or operate as much as 60 per cent of the world’s cobalt supply by 2025, up from 54 per cent currently....
...They added that the Commodity Futures Trading Commission, which has its own fraud claim against FTX, could be convinced to pass on any amount it manages to recover via its own $8bn claim to customers — potentially...
...Companies trading commodities such as iron ore and grain have threatened legal action and sought to alter contract terms to pressure shipowners to use the Suez Canal route, which is more dangerous, but also...
...Shares in Hess fell 4 per cent in after-hours trading, while Chevron’s dropped 1 per cent. Exxon’s shares were little changed....
...Given three of the largest carriers, Air China, China Southern Airlines and China Eastern Airlines, are also state-owned, the savings could end up being much bigger....
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...Armchair investors can trade cryptocurrencies, stocks, currencies and commodities on eToro....
...The market was “out of control”, said Andrew Moriarty, price reporting manager at Mintec, a commodities data group. “Everyone is just bracing for impact.”...
...Commodity price reversals resulted in a $1.5bn decline in underlying cash profits compared with 2022, largely in the aluminium division....
...“Some countries have opted for the development of electronic auctions for trading teas.”...
...Traces of China’s underground chip trade can be found on such brokering sites....
...Yiwu has long had strong trading connections with emerging economies, more open to dealing in the renminbi, traders said....
...Angela Durrant, analyst at commodity data firm CRU Group, said the two main production methods in Indonesia pose different environmental issues....
...The rally in both gold and bitcoin also seems to have been driven by momentum traders such as commodity trading advisers, or CTAs, which have been strong buyers of futures contracts linked to both assets...
...But Rhona O’Connell, analyst at commodities brokerage StoneX, said plenty of factors could justify a high gold price, such as China recently toughening its rhetoric on Taiwan, simmering banking tensions...
...The crude, known as Espo blend, is produced in eastern Russia and exported from the port of Kozmino, mainly to refineries in China....
...It has also diversified in recent years into trading gas, power and other commodities, and trades some $150bn worth of commodities a year. Additional reporting by Sam Jones...
...Trading partners are only gradually waking up to the true political dynamic....
...Vanke, the second-largest developer in China by sales, is state-backed and had retained investment-grade ratings despite a wave of defaults in the sector since the 2021 collapse of China Evergrande....
...China is making an aggressive push to tie up global uranium supply amid a worldwide rush to secure nuclear fuel, warned the boss of Yellow Cake, a London-listed investment vehicle for the radioactive commodity...
...People close to Two Sigma said the quantitative trading giant’s three China funds reported a more than 16 per cent return over the same period....
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