Copper on July 6 plunged below $7,500 a ton, as increasing fears of a global recession hit the industrial metals market, lowering prices from its record highs a months ago. The price of copper has dropped by 7.1 percent week over week, according to a Twitter post from Hedgeye, an online investment research and financial media company. Copper…
Wall Street More at Risk to Commodity Trading Exposures Due to Russia Conflict
April 18, 2022
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Business & EconomycommoditieseconomyEuropeglobal commoditiesMarketsRussia-Ukraine WarRussian sanctionsUSWorld
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Commodities trading exposures have been going up on Wall Street, following Russia’s invasion of Ukraine, which may leave banking firms vulnerable to large swings in asset values, according to an April 18 story from Reuters. Goldman Sachs Group (GSG) and JPMorgan Chase have both reported a rise in commodities trading risk measures, according to their…
Commodity Prices Skyrocket Due to Supply Chain Breakdown and the Crisis in Ukraine
March 7, 2022
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Business & Economycommoditieseconomic policieseconomyEuropeglobal commoditiesMarketsRussia ukraine conflictRussia-Ukraine WarWorld
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Global commodity prices skyrocketed on March 7, as the Russian–Ukrainian conflict has caused industrial buyers and traders to scramble for new sources of raw materials hit by supply disruptions. Russia’s attack on Ukraine nearly two weeks ago has prompted massive sanctions against Russia by the United States and its Western allies. The sanctions against Russia are…
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