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  • Is the LME’s Role as the Go-to-Price Point for Nickel at an End?

    From agmetalminer.com

    Doomsters have predicted the end of the LME before. Still, after 146 years and counting, the LME is still with us and the go-to nickel price point. However, volumes have tanked since the LME nickel debacle in March of 2022. In fact, the problems no longer relate just to nickel, but the entire non-ferrous metals spectrum. The suspension of LME nickel trading and the decision to cancel trades remains the catalyst. According to Reuters, volumes continue to fall every month year-over-year. Core activity on the LME contracted by 8.3% over the course of 2022. Meanwhile, the 127 million lots traded represents the lowest ... (full story)

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    Supreme Court rejects appeals by ex-Deutsche Bank traders convicted of 'spoofing'

    From nasdaq.com|Jan 24, 2023

    The U.S. Supreme Court on Monday turned away appeals by two former Deutsche Bank AG DBKGn.DE commodities traders convicted of manipulating precious metals prices by placing ...

    Gold Markets Continue to Work off the Froth

    From dailyforex.com|Jan 24, 2023

    Gold markets have gone back and forth during the choppy Monday session as we continue to see a lot of hesitation at this point. This makes a certain amount of sense due to the ...

    Britain and EU unlikely to change Brexit deal much, despite issues

    From brecorder.com|Jan 24, 2023

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    Bank of Canada likely to raise rates again Wednesday — but should it?

    From cbc.ca|Jan 24, 2023

    The Bank of Canada is widely expected to raise its trend-setting interest rate this week by a quarter of a percentage point, which would bring it to 4.5 per cent. If it happens, ...

    NYSE trading open sees unusual number of halted stocks

    From @DeItaone|Jan 24, 2023

    tweet at 9:37am: NYSE TRADING OPEN SEES UNUSUAL NUMBER OF HALTED STOCKS tweet at 9:37am: Looks like 81 stocks were just halted for LULD despite not hitting the bands/thresholds: https://t.co/seHwXtgEpg tweet at 9:38am: Trades were posted to tape that were incorrect. tweet at 9:40am: BREAKING — several stocks are halted for an unknown reason at the start of trading, and aren’t showing up on computers or tablets resulting in confusion across the NYSE floor “It’s a huge problem,” one long time trader tells me. “I’ve never seen anything like it.” @TheStreet https://t.co/Tg58SqT2NQMarket Goes Haywire With Dozens Of NYSE Trading Halts At The Open After "Technical Glitch" It has been a while since we had a market-wide break. Something snapped at exactly 9:30:00 am ET this morning when stocks opened for trading, only... they didn't, as instead hundreds of NYSE-listed stocks were immediately halted for trading after breaching circuit breaker limits... image ... which among others saw giga-caps such as Exxon, Morgan Stanley, Verizon, AT&T, Nike, McDonald’s and Wells Fargo tumble as much as 8%, or more... While it is unclear what the "technical glitch", as CNBC called it, in question was many stocks had abnormally large moves when stocks opened for trading, which triggered the resulting volatility halts. It took several minutes for the circuit breakers to be lifted and for trading to return to something resembling normalcy although nobody knows if these prices are accurate or still affected by whatever glitch halted trading.

    Private sector contraction in the US continues into the new year, with renewed pick up in cost...

    From pmi.spglobal.com|Jan 24, 2023|16 comments

    Private sector firms in the US registered a further decline in output at the start of 2023, according to latest ‘flash’ PMI™ data from S&P Global. The fall in business activity ...

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  • Posted: Jan 24, 2023 8:29am
  • Submitted by:
     Newsstand
    Category: Metals Industry News
    Comments: 0  /  Views: 82
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