as a mentioned before they are not telling the market what that trading desk is and how it functions.
....the problem with trading magnesium is that, CMC is not producing any magnesium.
So they either speculate via the futures ( selling now in the hope the prize drops later to buy it back cheaper) or they have to buy it somehow cheaper and selling it more expensive. I think it is a high risk strategy that can easily go wrong. Mind you you can argue they have got nothing to loose anyway.
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as a mentioned before they are not telling the market what that...
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