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MercoPress, en Español

Montevideo, December 22nd 2024 - 03:28 UTC

Tag: London Metal Exchange

  • Wednesday, November 25th 2015 - 08:33 UTC

    Commodities prices hovering at 13-year lows; metals suffered the most

    Grains from soybeans to wheat and corn also rose on better physical demand and technical buying, limiting the downside in commodities.

    Commodities hit 13-year lows on Monday as metals markets crashed but a steady close in oil and higher grains markets helped a key sector benchmark settle off the day's trough. Copper and nickel prices fell to multi-year lows, forcing the Thomson Reuters/Core Commodity CRB Index to its lowest levels since November 2002.

  • Saturday, July 27th 2013 - 20:13 UTC

    US largest bank moving out of the commodities business; Congress investigation

    Regulators need to take a “long, hard look at the practice of banks holding physical commodities” said US Congress member Brown

    New York-based JPMorgan, the largest US bank, said that it’s “pursuing strategic alternatives,” including the sale or spin-off of its commodities business, after an internal review. The statement came three days after a US congressional hearing investigated whether deposit-taking banks should be allowed to trade raw materials such as oil and industrial metals.