Javier Blas@JavierBlas

2 years ago

COMMODITY TRADING: Glencore reports a steep drop in profit after markets retreated from the price spikes and wild swings that drove blockbuster earnings in the aftermath of Russia’s invasion of Ukraine | $GLEN https://t.co/yKuMPvtzdA

#Glencore joins #BHP in assigning some blame for declining #nickel prices to the London Metal Exchange. But when did the LME become a producer?! Its warehouse stocks are a reflection of supply-demand fundamentals

#Glencore says it doesnt expect the #nickel market to rebalance "for quite some time". Notes that despite continued strong growth in global electric vehicle sales, nickel’s price dropped 45% over the course of the year