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0 0 0.000965250965251002 0.00128700128700126 -0.00128700128700126 -0.00128700128700126 0 0
Stock impact report

Vitol and Gunvor Rock Metals Markets With Big Aluminum Bets [Yahoo! Finance]

GLENCORE PLC UNSP/ADR (GLNCY) 
US:NASDAQ Investor Relations: glencore.com/investors
Company Research Source: Yahoo! Finance
Most Read from Bloomberg They Built a Secret Apartment in a Mall. Now the Mall Is Dying. Chicago Transit Faces ‘Doomsday Scenario,' Regional Agency Says LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs New York Subway Ditches MetroCard After 32 Years for Tap-And-Go Libraries Warn They Could Be ‘Cut off at the Knees' by DOGE Vitol Group and Gunvor Group have both taken long positions in the past few months in the LME aluminum contracts nearing expiry that were at times larger than the readily available stock in the exchange's warehousing network, according to people familiar with the matter, who asked not to be identified as they weren't authorized to speak publicly. A push into metals by several giants of energy trading has been the talk of the industry in the past year, as the firms embarked on a hiring spree that drove up salaries and bonuses. But this is the first time they're playing a major role in the markets, challenging the dominance of incumbents Show less Read more
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