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1 week ago | 
news.bloombergtax.com | Dinesh Nair |Mitchell Ferman |Jack Farchy |Claire Ruckin
BP Plc’s Castrol lubricant business is attracting interest from energy companies including Reliance Industries Ltd. and buyout firms such as Apollo Global Management Inc.and Lone Star Funds, according to people with knowledge of the matter. BP has sent out initial information to other potential bidders for the unit including investment firms Brookfield Asset Management Ltd. and Stonepeak Partners, the people said, asking not to be identified because discussions are private.
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1 week ago | 
bloomberg.com | Dinesh Nair |Mitchell Ferman |Jack Farchy |Claire Ruckin
The Castrol business includes lubricants for autos and industries. (Bloomberg) -- BP Plc’s Castrol lubricant business is attracting interest from energy companies including Reliance Industries Ltd. and buyout firms such as Apollo Global Management Inc. and Lone Star Funds, according to people with knowledge of the matter. BP has sent out initial information to other potential bidders for the unit including investment firms Brookfield Asset Management Ltd.
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1 week ago | 
bloomberg.com | Jack Farchy |Julian Luk |Alfred Cang
(Bloomberg) -- Glencore Plc has been buying Russian copper on the London Metal Exchange and plans to deliver it into China, in a trade that highlights a squeeze on supplies in the world’s largest copper consumer. In the past three trading sessions there have been requests for delivery of about 15,000 tons of copper from LME warehouses in Rotterdam, according to exchange data, drawing down available exchange inventories to the lowest in a year.
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1 week ago | 
flipboard.com | Jack Farchy |Julian Luk |Alfred Cang
1 hour agoTrump Media to raise $2.5 billion to buy bitcoinTrump Media & Technology Group (DJT) is doubling down on cryptocurrency, unveiling plans Tuesday to create what it claims will be one of the largest …7 hours agoThe US Is About to Discover if Deficits Don’t MatterRepublicans have embraced former Vice President Dick Cheney’s 2002 dictum that deficits don’t matter. US investors may be about to disagree. It’s hard to think intelligently about public debt and deficits.
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3 weeks ago | 
news.bloombergtax.com | Jack Farchy |Jeremy Hodges
A group of hedge funds that sued the London Metal Exchange over the 2022 nickel crisis have dropped their legal action after similar arguments made in separate proceedings were rejected by UK courts. The move means the exchange, which sparked fury by canceling $12 billion in trades after nickel prices surged due to a short squeeze, has faced down some $600 million in legal claims from some of the world’s highest profile investors.
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3 weeks ago | 
bloomberg.com | Jack Farchy |Jeremy Hodges
Traders on the trading floor of the open outcry pit at the London Metal Exchange Ltd. (LME) in London, U.K., on Monday, Sept. 6, 2021. After 18 months away, brokers returned Monday to the red leather couches of the London Metal Exchange’s floor, where they set benchmark prices of metals such as copper and aluminum by screaming orders at one another.
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1 month ago | 
bloomberg.com | Jack Farchy |Alfred Cang
Copper cathode sheets at the KGHM Polska Miedz SA copper smelter in Glogow, Poland, on Thursday, April 24, 2025. Poland’s government reduced its economic growth target for this year, citing external risks such as US trade policies and the war in Ukraine. Photographer: Damian Lemanski/Bloomberg(Bloomberg) -- Traders including Trafigura Group and Mercuria Energy Group Ltd.
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1 month ago | 
news.bloombergtax.com | Jack Farchy |Julian Luk |Yvonne Yue Li
Major players in the US copper industry have called on President Donald Trump to restrict exports of ore and scrap metal rather than imposing tariffs on imports, in his efforts to boost domestic production. Trump’s executive order in February ordering a probe into possible copper tariffs upended the global market, driving US prices to a huge premium over international benchmarks and spurring a global race to get copper into the country before any potential tariffs are imposed.
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1 month ago | 
ca.finance.yahoo.com | Jack Farchy |Julian Luk |Yvonne Li
If the US goes down the export curb route, that’ll lead to a tighter scrap market, and in turn more pressure on Chinese smelters, said Ryan McKay, senior commodity strategist at TD Securities. “Generally it would lead to tighter refined supply and drawing inventory.”While several responses called for the US to impose restrictions on exports of copper scrap, and in some cases copper concentrates, many urged the administration not to place import tariffs on copper metal.
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1 month ago | 
financialpost.com | Jack Farchy |Julian Luk
Advertisement 1Major players in the US copper industry have called on President Donald Trump to restrict exports of ore and scrap metal rather than imposing tariffs on imports, in his efforts to boost domestic production. Article content(Bloomberg) — Major players in the US copper industry have called on President Donald Trump to restrict exports of ore and scrap metal rather than imposing tariffs on imports, in his efforts to boost domestic production.
