Glencore plc (8GC.F)
- Reuters
Canadian competition bureau has major concerns about proposed Bunge-Viterra merger
Canada's Competition Bureau on Tuesday said it had identified major competition concerns around the proposed merger between U.S. grains merchant Bunge and Glencore-backed Viterra. In a statement, the bureau said the deal was "likely to result in substantial anti-competitive effects and a significant loss of rivalry between Viterra and Bunge in agricultural markets in Canada". The report was sent to Canada's transport ministry, which has until June 2 this year to review the deal.
- Bloomberg
Copper Homes in on $10,000 a Ton as Supply Angst Continues
(Bloomberg) -- Copper traded near $10,000 a ton, hitting a new two-year high on its way, as investors continue to pile in on a bet that miners will struggle to service a surge in demand for the bellwether industrial metal. Most Read from BloombergTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayTikTok to Remove Executive Tasked With Fending Off US ClaimsRay Dalio’s Famous Trade Is Sputtering and Investors Are BailingStocks Climb as US Earnings Kick Into High Gear: Markets WrapUS Dol
- Bloomberg
Glencore and Trafigura’s Sanctions Games Are Draining the LME
(Bloomberg) -- The world’s two biggest metals traders are moving to withdraw large volumes of aluminum from the London Metal Exchange in a complex trade made possible by new UK sanctions on Russian metal, raising questions about unintended consequences from the new rules.Most Read from BloombergTikTok Set to Remove Executive Tasked With Fending Off US ClaimsTraders Are Cashing Out of Markets En MasseTikTok Divest-or-Ban Bill Expected to Become US Law in DaysUS House Passes $95 Billion in Aid to
