Opper Trader News Today

China's copper producers are planning to export up to 100,000 metric tons of metal, the largest volume in 12 years, aiming to cool a rally that has propelled prices towards record highs and hit their order books, three industry sources said. Chinese producers are selling into the rally, driven by a speculative frenzy that took copper prices on the London Metal Exchange (LME) to two-year peaks of $10,208 a metric ton this week, close to the record high of $10,845 hit in March 2022, the sour...

(Bloomberg) -- More than a dozen employees have left Shanghai-based copper traders affiliated with Chinese conglomerate Amer International Group Co. in the past few weeks, according to people familiar with the matter, in the latest sign of challenges facing one of China’s biggest private companies.Most Read from BloombergIsrael Latest: Netanyahu Vows to Stay On; Targets Hit in LebanonInnovent, Lilly Obesity Drug Spurs More Weight Loss in TrialSaudi Forces on Alert After Clash With Iran-Ba...

(Bloomberg) -- ING Groep NV is suing He Jinbi, a legendary Chinese copper trader and founder of troubled merchant Maike Metals International Co., over $147 million in unpaid debt.Most Read from BloombergTesla and BYD Post Record Sales on Surge in Electric-Car DemandIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnFrench Riots Begin to Abate Even as Economic Costs MountSingapore’s Star Banker Creates a Succession Dilemma for DBSThe money involves overdue payments owed ...