Commodities Stocks: Market Overview and Top Movers
Current Prices of Key Commodities ETFs
| Commodity | ETF | Price (USD) | Change (%) |
|---|---|---|---|
| Gold | GLD | Loading... | Loading... |
| Silver | SLV | Loading... | Loading... |
| Crude Oil | USO | Loading... | Loading... |
| Commodities Index | DBC | Loading... | Loading... |
| S&P 500 | SPY | Loading... | Loading... |
Latest News in Commodities
Rio Tinto and Glencore Held Merger Talks
Published: January 17, 2025
Source: Financial Times
Summary: Rio Tinto and Glencore engaged in early-stage discussions about a potential merger to create a $158 billion commodities giant. However, the talks did not progress to a deal. Concerns were raised due to Glencore’s significant exposure to thermal coal, a commodity Rio Tinto has moved away from. Analysts noted potential complications and minimal synergy benefits. :contentReference[oaicite:0]{index=0}
LME Recovers from 2022 Nickel Crisis
Published: January 13, 2025
Source: Reuters
Summary: The London Metal Exchange (LME) has successfully recovered from the 2022 nickel crisis, experiencing its strongest trading year since 2015. In 2024, the LME recorded average daily volumes of 664,698 lots, an 18.2% increase from 2023, with nickel volumes surging by 58.8%. This recovery is supported by a significant rise in LME nickel inventory, increased investor interest, and higher exchange stocks. :contentReference[oaicite:1]{index=1}
Vitol Plans to Cut Costs by Extracting Aluminum from LME Warehouses
Published: January 9, 2025
Source: Reuters
Summary: Vitol, a prominent energy and commodities trader, is strategizing to minimize storage expenses by extracting large quantities of aluminum from LME warehouses located in Port Klang, Malaysia. This move aims to leverage long wait times exceeding 80 days, after which no storage fees are charged. The recent cancellations of aluminum warrants by Vitol contributed to a 40,000 metric tons rise in metal earmarked for delivery. :contentReference[oaicite:2]{index=2}
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