Traded value on the London Metal Exchange has grown 9% since the beginning of 2018, Matthew Chamberlain, the head of the exchange, said in the interview with Financial Times. The world's largest raw exchange market has increased the indicator due to active purchases of raw materials by consumers who fear the effects of the US-China trade war and US sanctions against Russian RusAl. The fluctuations in quotes caused by these fears helped traders make money. Nevertheless, as reported by HKEX, which owns the LME, the raw material division following the results of the first half of the year reduced its profit by 20%. This was due to increased costs and reduced commissions for LME customers.
China’s inflation rate rises following Lunar New Year and virus outbreak07.02.2020
Uber expects gains at latter part of 2020 but braces for year of decline07.02.2020
Philippine Central Bank Governor hints mid-year monetary easing30.01.2020
UK car production drops at fastest pace since recession