Hints and tips:
...“The recent increase in LME inventory, particularly in New Orleans, appears to have drawn the market’s attention to just how much zinc is sloshing around,” said Leon Westgate, an analyst at ICBC Standard...
...“Given the recent trend of rising open interest [speculative bets] and prices, it seems that both metals are vulnerable to bouts of liquidation should prices stall, said Leon Westgate of ICBC Standard Bank...
...In 2007, Game also failed to secure a space in Westgate, which was the country’s flagship shopping mall until a 2013 terrorist attack, because it could not agree terms....
...We would have signed up but Westgate is a big loss, it has thrown us a little back,” he says, adding that the company would look again “early next year”....
...As Kenya began three days of national mourning for the victims of the country’s worst terrorist attack in 15 years, the country’s security forces continued to comb Nairobi’s Westgate mall for victims....
...With China on its week-long holidays, much of the activity was going to be focused on announcements out of the US, said Leon Westgate at Standard Bank in London....
...Leon Westgate, commodities strategist at Standard Bank in London, said the Chinese, usually buyers at lower prices, failed to come in during Asian trading....
...“We remain cautious on the timing of the Chinese return, particularly given the state of the current physical market,” said Leon Westgate, base metals analyst at Standard Bank in London....
...Leon Westgate, base metals analyst at Standard Bank in London, said: “People have been looking at this pullback as an opportunity to buy.”...
...He said John Lewis still had ambitions to open stores in cities such as Leeds and Oxford, where the Crown Estate and Land Securities have acquired the Westgate shopping centre and were working on plans for...
...Leon Westgate, base metals analyst at Standard Bank in London, said that “strong demand from China and elsewhere” had been one of the main driving forces behind higher copper prices this year, “with a tightening...
...Leon Westgate, commodities analyst at Standard Bank in London, said: “Asian-based selling activity and weaker equities markets have taken the edge off the base metals, with the complex also seeing a bit...
...Leon Westgate, commodities analyst at Standard Bank, says: “Pressure is certainly building on funds to try and make a return....
...Leon Westgate, of Standard Bank, says the relentless rise in aluminium production in the face of a huge overhang of LME stocks remains a cause for concern....
...“This [1m tonnes effective supply] is more consistent with recent price behaviour than a stock mountain of nearly 4.6m tonnes,” says Leon Westgate of Standard Bank....
...Leon Westgate of Standard Bank says if an import tax is not introduced, the most obvious way to close the arbitrage is through higher domestic production....
...“Given the current low price of metals relative to production cost, and the impact of expensive capital, we may see supply retreat further,” said Mr Westgate....
...Leon Westgate of Standard Bank says: “There is no sign the supply situation is likely to improve any time soon and the problems plaguing the mining industry will continue to constrain refined production...
...Leon Westgate, of Standard Bank, said the weakness was due to the liquidation of long positions, which triggered technical selling....
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