Metals News Results

  • Australia Logs Record Trade Surplus in May Led by Commodity Exports

    SYDNEY--Australia posted a record trade surplus in May, boosted by surging volumes and higher prices for its commodity exports. The country's trade surplus stood at 13.3 billion Australian dollars, according to preliminary estimates released by the Australian Bureau of Statistics on Wednesday. Iron ore, together with strong coal and meat exports, helped increase total exports to a record A $39.2 billion, up 11% from April.

  • DBS Group Begins Trading Commodities on London Metals Exchange

    DBS Group Holdings Ltd. (DBSDF) has begun trading commodities on the London Metals Exchange, the world's major trading platform for industrial metals. The Singaporean bank is currently one of four Category 4 members on the LME, which allows it to trade and issue client contracts but doesn't give it clearing abilities. It is also the first bank in Asia to be issued a LME membership registered outside of London, it said Monday.

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