Michael Cuoco News Today

(Bloomberg) -- Copper futures in New York rallied to a record high after a short squeeze that’s prompted a scramble to divert metal in other regions to US shores.Most Read from BloombergChina Considers Government Buying of Unsold Homes to Save Property MarketHow One of the World's Oldest Hedge Funds Went BankruptFlood of China Used Cooking Oil Spurs Call to Hike US LeviesOpenAI Chief Scientist Ilya Sutskever Is Leaving the CompanyBiden Accuses China of ‘Cheating’ on Tra...

Evelyn (Coppola) Cuoco passed away. This is the full obituary where you can share condolences and memories. Published in the Salem News on 2023-10-26.

(Bloomberg) -- Zinc jumped by the most in almost nine months after a sharp rise in requests for the metal stored in London Metal Exchange warehouses sparked a round of short-covering among investors who have turned bearish on its prospects.Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally Biden Impeachment Hearing Heavy on Politics, Light on Substance‘Fortnite’ Maker Epic Games Is Cutting About 16% of StaffUAW Aims For At Least 30% Wage Bump to W...

Recent disruptions to mineral supply in Panama, Chile and Peru have "taken a backseat," said Michael Cuoco, director of hedge fund sales for metals and commodities at StoneX Group.

Hedge funds are betting against copper on the London Metal Exchange for the first time since the early months of the pandemic — a sharp reversal from just weeks earlier after China’s disappointing recovery sent prices tumbling. LME data this week showed investment fund positioning in copper flipped to a net short — the first since June 2020, after bearish bets surged since mid-April and long positions have been unwound. The metal, viewed as an economic bellwether for its use ac...

Driven in part by troubles with Vale’s Sudbury operations, nickel surged to a seven-year high on Wednesday.

BloombergNEF expects the nickel price to remain elevated above $18,000, although it will continue to underperform copper and aluminum.

London — Copper returned above $10,000/mt on the back of a weak dollar and with China returning to work after a three-day national holiday, with the London Metal Exchange three-month spot copper price trading at $10,117.50/mt ($4.59/lb) at 1749 GMT, some $72.50/mt short of its all-time high of $10,190/mt from February 2011. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Scotiabank analysts said LME three-month copper...

The World’s Industrial Comeback Drives Metals to Multi-Year High Bloomberg 2 hrs ago James Attwood and Yvonne Yue Li (Bloomberg) -- Industrial metals from copper to aluminum to iron ore have rallied to the highest level in years. The reasons for their gains are plentiful: Copper -- critical for everything from electrical wiring to motors and thus a bellwether for the global economy -- broke out of its recent range to trade near the highest since the last supercycle as indust...

Publishing date: Apr 23, 2021  •  1 hour ago  •  3 minute read  •  Article content (Bloomberg) — Industrial metals from copper to iron ore gained momentum this week, flirting with decade-high prices as signs of Chinese and U.S. demand strength blunted concerns over worsening virus outbreaks elsewhere. Copper, a key electrification metal and economic bellwether, broke out of its recent range to trade near the highest since the last supercycle, underpinned by spending on green in...