Squarepoint Capital, a global investment management firm, has acquired over US$100 million of predominantly Russian aluminum from the London Metal Exchange (LME). According to the acquirement, Squarepoint Capital requested delivery of 50,000 tons of this metal.
A dropping in the construction and industrial sectors causes the market demand to be pessimistic. In response, financial firms like Squarepoint Capital are securing stocks in anticipation of potential price surges or profitable financing and warehousing deals amidst an unstable market.
Squarepoint Capital acquires Russian aluminum from LME
20 Oct 2023 14:50 reported by Ivy Wei
- A
- A
- A