
Jack Farchy
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
Articles
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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.
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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.
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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.
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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.
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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.
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Copper Clash Shows Cracks in Decades-Old Pricing System @megacontango https://t.co/LyZRK7tFAS

Glencore Drives Drawdown of Russian Copper Sanctioned by UK https://t.co/1Qtdllhx7d

Risk of Aluminum Squeeze Grows as Key Price Spread Tightens https://t.co/grZuLRYpry