This morning in metals news, European leaders plan to press President Trump on steel this week, the aluminum price could be heading back down after the U.S. opened the door to easing the recently announced Russian sanctions and Glencore is looking into options with respect to recapitalization of one of its DRC copper operations. Need buying strategies […]
Tag: Glencore
Trump’s Sanctions Could Hit Trade in Rusal Metal
We could love reading these murky tales about Russian businessmen and their dealings if the reality was not that some of them at least are rather too close to the truth and rather too close to home, (many of them living, as they do, at least part of their time in Western capitals). Buying Aluminum […]
Noble Group Staves Off Collapse to Fight Another Day
Noble Group, the Singapore-listed trading group, started in 1986 by ex-Phibro trader Richard Elman, once had aspirations to rival commodities trader and miner Glencore and oil trading giant Vitol. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook But this week the firm narrowly avoided bankruptcy in a refinancing deal which sees […]
This Morning in Metals: Japan’s Steelmakers Enjoy Jump in Profits
This morning in metals news, Japan’s steelmakers are on a hot run (despite the bad press of the Kobe Steel quality data falsification scandal), U.S. Steel reported fourth-quarter 2017 net earnings of $159 million and Glencore said production in 2017 was down for most commodities. Need buying strategies for steel? Try two free months of MetalMiner’s […]