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Fed: rate hike boosts strength of U.S. $ – To what extent
The Federal Reserve has raised the cost of money by 75 basis points, now between 3.75 and 4 percent, to counter the run-up in inflation. But the fourth consecutive hike of this magnitude, and sixth since the beginning of the year, while not closing the loop may...
Aluminum: Alcoa sends three letters to LME to ask for its intervention on Russian metal
U.S.-based aluminum producer Alcoa wrote to the London Metal Exchange (LME) three times in September and October, calling for a boycott of Russian metal and greater disclosure of the amount in the LME system. In the letters, viewed by Reuters, Alcoa expressed concern...
Lead: the metal will join the list of the Bloomberg Commodity
Lead will become the 24th commodity to be included in the Bloomberg Commodity Index (BCOM), joining aluminum, copper, nickel and zinc, its peers on the London Metal Exchange. The three-month London lead price jumped nearly 10 percent to $2,019.50 per ton at Friday's...
Copper: price falls as manufacturing slumps and demand weakens
Copper prices fell Wednesday as rising expectations that China will loosen COVID-19 controls next year were offset by an uninspiring near-term outlook for metals production and demand. The market also braced for a sharp interest rate hike in the United States later in...