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.
Dollar hits 1-year high against yen as inflation fears boost yields24.03.2021
British inflation falls as clothing prices hit biggest annual drop since 200923.03.2021
U.S. air travelers surpass 1.5 million for first time in a year15.03.2021
China’s January-February industrial output advances year-on-year