Hints and tips:
...British steel traders have warned that Tata Steel UK, which won £500mn in government aid, risks distorting the domestic market in a key steel product by hoovering up a trade quota for lower-cost imports....
...Saudi Arabia made its first big foray in July into the global metals sector through a minority stake in Vale’s base metals unit....
...BSG Resources operates in 25 countries with activities spanning mining, oil and gas, and metals....
...according to documents obtained by the Financial Times and confirmed by the Swiss commodity trader....
..., a UK-based cobalt trader....
...Most of the world’s largest commodity traders, who play a key role in selling and transporting everything from oil and gas to metals and grains across the world, remain in private hands, feeding concerns...
...In a notice to market users on Tuesday, the LME said that while the market could not yet sustain a separate futures contract, it supported producers, traders and consumers in trading low carbon nickel, which...
...The London Metal Exchange has won a landmark legal victory against traders who sued over its decision to cancel billions of dollars worth of nickel trades as England’s High Court dismissed claims it acted...
...Commodities house Gunvor has agreed to buy a Spanish gas-fired energy plant from BP in the latest sign of Europe’s independent traders seeking to expand profitable gas and power activities....
...It relaunched a metals trading desk this summer given expected growth in demand from electric vehicles....
...trader....
...The fundraising for TechMet, a Dublin-based private investment vehicle for nickel, lithium and other metals will help the west combat China’s dominance of critical minerals supplies for clean energy technologies...
...removed from the way the metal is traded....
...The discovery comes just weeks after Trafigura, one of the world’s largest metals traders, unearthed a $577mn nickel fraud that has rocked the commodities industry....
...That resulted in ING booking losses on metals sold to China’s biggest copper trader Maike Metals International by Triway International, a fully owned subsidiary of Maike based in Hong Kong....
...In 2018, UIL Hong Kong Ltd, UIL Singapore Pte. Limited, UD Holdings Limited and TMT Metals have done some business with Liberty....
...The exchange is already subject to an enforcement investigation by the UK’s top financial watchdog over the decision to suspend trading, while traders say its benchmark contract for the industrial metal...
...“This case concerns derivative traders forgoing speculative profits which they never actually received under commercial arrangements,” reads the skeleton argument submitted by the LME’s lawyers....
...Trehan also used to own a stake in Gupta’s metals trading outfit Liberty Commodities....
...Traders are warning that thin volumes and erratic trading have disconnected the price of nickel on the London Metal Exchange from the rest of the global market....
...The metal has had the opposite effect on the reputation of the London Metal Exchange, owned by Hong Kong Exchanges and Clearing....
...But Duffy pointed out that there were obstacles to overcome such as the storage and delivery of the physical metal....
...DWR Commodities, Flow Traders, Capstone Investment Advisors and Winton Capital Management were the other claimants with the five companies estimating earlier this week that they collectively lost $95mn of...
...The head of Trafigura, one of the world’s largest commodities traders, has warned that the London Metal Exchange’s global nickel benchmark is unfit for purpose and needs reform to reflect the rapid rise...
...However, a Europe-based nickel trader observed that Indonesian nickel is discounted about 30 per cent compared to London Metal Exchange prices for alternative products such as Australian briquettes....
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