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Thread: Six Members Resign From London Metal Exchange

  1. #1
    Unobtanium mick silver's Avatar
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    Six Members Resign From London Metal Exchange

    http://www.nasdaq.com/article/six-me...20160205-00607
    Six companies, including the world's second-biggest iron ore exporter, have all given up their membership of the London Metal Exchange, the metals bourse said Friday.
    Anglo-Australian mining powerhouse Rio Tinto Ltd. resigned as a category five member of the LME effective immediately.
    In an LME notice to members, no reason was given for the decision. A spokeswoman declined to comment.



    Europe's biggest metals exchange, which is owned by Hong Kong Exchanges & Clearing Ltd., also approved the resignations of Cargill International S.A., Nyrstar Budel BV, Enmetco LLC, Lonconex Limited and MetAlliance LLP.
    There are 48 category five members remaining, including Rio Tinto rivals BHP Billiton Ltd and Glencore PLC.
    Write to Ese Erheriene at ese.erheriene@wsj.com

    (END) Dow Jones Newswires 02-05-161535ET Copyright (c) 2016 Dow Jones & Company, Inc.



    This article appears in: Energy , Commodities

    Referenced Stocks: 8GC


    , BBL
    BHP BILLITON PLC BBL
    20.88 -0.39 (-1.87%)
    http://charting.nasdaq.com/ext/chart...WD=299-HT=180-








    , BHP1


    , BIL
    SPDR Barclays 1-3 Month T-Bill ETF BIL
    45.69 0.00 (0.00%)
    http://charting.nasdaq.com/ext/chart...WD=299-HT=180-








    , CRA1





    Read more: http://www.nasdaq.com/article/six-me...#ixzz3zQ57iA9Z
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  3. #2
    Unobtanium
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    Re: Six Members Resign From London Metal Exchange

    no price at which you can game it = taking the bat and ball home.
    Great minds discuss Ideas, Average minds discuss Events, Small minds discuss People. E.R.

    Anytime I'm in doubt I go outside and give it a little shake.
    Liberty Tree.


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