Jack Farchy

London

Senior Reporter, Energy and Commodities at Bloomberg News

Senior Reporter for Energy and Commodities at Bloomberg News. Co-author of The World for Sale: https://t.co/EV8tueLP9v

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Articles

LME Sets New Rule Forcing Traders to Reduce Big Metals Bets

1 week ago | bloomberg.com | Jack Farchy

Traders, brokers and clerks on the trading floor of the open outcry pit at the London Metal Exchange. (Bloomberg) -- The London Metal Exchange has imposed a new rule to force traders to reduce large positions, after the market was rocked in recent months by the arrival of some of the world’s biggest energy traders.
Glencore Drives Drawdown of Russian Copper Sanctioned by UK

2 weeks ago | bloomberg.com | Jack Farchy

The London Metal Exchange has reported the biggest drawdown of Russian copper from its network of warehouses since it started reporting the data in 2023, as Glencore Plc bought metal to deliver to China. Inventories of Russian copper on the LME dropped 27,350 tons in May, the exchange said on Tuesday. The drawdown included “type 2” Russian metal, which British companies and citizens are barred from buying under UK sanctions.
Risk of Aluminum Squeeze Grows as Key Price Spread Tightens

2 weeks ago | financialpost.com | Jack Farchy

Advertisement 1A key aluminum spread that’s been the focus of recent intervention by the London Metal Exchange surged into backwardation, signaling the LME market may still be at risk of a squeeze as the main June contract expires next week. Article content(Bloomberg) — A key aluminum spread that’s been the focus of recent intervention by the London Metal Exchange surged into backwardation, signaling the LME market may still be at risk of a squeeze as the main June contract expires next week.
LME Intervenes to Make Mercuria Roll Huge Aluminum Position

3 weeks ago | financialpost.com | Jack Farchy |Mark Burton

Advertisement 1The London Metal Exchange has compelled Mercuria Energy Group Ltd. to lend out its huge position in aluminum to other traders to reduce risks to the market, according to people familiar with the matter. Article content(Bloomberg) — The London Metal Exchange has compelled Mercuria Energy Group Ltd. to lend out its huge position in aluminum to other traders to reduce risks to the market, according to people familiar with the matter.
LME Acts to Shield Aluminum Market From Huge Mercuria Bet

3 weeks ago | bloomberg.com | Jack Farchy |Mark Burton

The trading floor of the open outcry pit at the London Metal Exchange Ltd in London. (Bloomberg) -- The London Metal Exchange has compelled Mercuria Energy Group Ltd. to lend out its huge position in aluminum to other traders to reduce risks to the market, according to people familiar with the matter.
Trafigura Flags Trading Headwinds as Payouts Outstrip Profit

3 weeks ago | bloomberg.com | Archie Hunter |Jack Farchy

Richard Holtum(Bloomberg) -- Trafigura Group warned that market volatility may not translate to opportunities for its traders, as the commodity giant reported first-half results that showed its dividend payments exceeded net profit. US President Donald Trump’s trade war in the last couple of months has ignited sharp price swings and market dislocations — typically conditions that commodity traders thrive on.
Congo’s Flooded Mine Is Latest Threat to World Copper Supply

4 weeks ago | bloomberg.com | William Clowes |Thomas Biesheuvel |Jack Farchy

The Kamoa Kakula mining site in Kamoa, Democratic Republic of Congo. (Bloomberg) -- The status of one of the world’s most important copper mines remains clouded in uncertainty, more than a week after seismic activity caused widespread flooding deep below ground. Ivanhoe Mines Ltd.’s Kamoa-Kakula complex in the Democratic Republic of Congo is one of the world’s top sources of copper and was on course to become the third-biggest supplier of the key energy-transition metal this year.
Glencore compra cobre ruso en Bolsa de Metales de Londres para el mercado chino

1 month ago | bloomberglinea.com | Jack Farchy |Julian Luk |Alfred Cang

Bloomberg — Glencore Plc ha estado comprando cobre ruso en la Bolsa de Metales de Londres (LME, por sus siglas en inglés) y planea entregarlo en China, en una operación que pone de relieve la escasez de suministros en el mayor consumidor mundial de cobre. En las últimas tres sesiones bursátiles se han solicitado entregas de unas 15.000 toneladas de cobre de los almacenes de la LME en Róterdam, según datos de la bolsa, lo que ha reducido las existencias disponibles a su nivel más bajo en un año.
Glencore compra cobre ruso en Bolsa de Metales de Londres para el mercado chino

1 month ago | bloomberg.com | Jack Farchy |Julian Luk |Alfred Cang

Glencore Plc ha estado comprando cobre ruso en la Bolsa de Metales de Londres y planea entregarlo en China, en una operación que pone de relieve la escasez de suministros en el mayor consumidor mundial de cobre. En las últimas tres sesiones bursátiles se han solicitado entregas de unas 15.000 toneladas de cobre de los almacenes de la LME en Róterdam, según datos de la bolsa, lo que ha reducido las existencias disponibles a su nivel más bajo en un año.
Glencore Buys Russian Copper on LME to Feed Tight Chinese Market

1 month ago | financialpost.com | Jack Farchy |Julian Luk |Alfred Cang

Article content(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. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.