Geopolitical Events
4 stories related to this topic, newest first.
zerohedge.comAluminum Prices Rise After Force Majeure Declaration by Major Producer
Aluminum prices on the London Metal Exchange reached $3,621 per ton, nearing levels seen during Russia's 2022 invasion of Ukraine. Emirates Global Aluminium declared force majeure on part of its contracts following strikes on its smelter. The company supplies 4% of global aluminu…
Photo: Robb Miller / UnsplashS&P 500 Nears Record Close Amid Ceasefire Optimism and Strong Jobs Data
U.S. stocks rose on Friday, with the S&P 500 on track for its first record closing high since January. The gains followed optimism over a ceasefire between the U.S. and Iran and a positive January jobs report. Benchmarks are positioned for their best weekly performance since the…
NDAYAMBAJE EMMANUEL GABRIEL / Wikimedia (CC BY-SA 4.0)Ceasefire Announcement Leads to Declines in Fertilizer Company Stocks
Shares of CF Industries fell 9 percent on the day of the announcement, marking the company's largest single-day drop since 2022. Nutrien's stock declined 5 percent. The companies produce fertilizers used in agriculture for food production.
Substrate placeholder — needs reviewLarge Oil Short Position Opened Hours Before Ceasefire Announcement Yields $174 Million Profit
A significant short position on oil was initiated hours before a ceasefire announcement, resulting in $174 million in profits. The trade's timing has raised questions about possible connections to individuals linked to former President Donald Trump or a Pakistani mediator. Detail…