Noble to close base metals, rare earth trading desks in major headcount cut – sources

By IM Staff
Published: Wednesday, 08 April 2020

Hong Kong trading house Noble Group Holdings will close its base metals and rare earths trading desks as part of widespread board-mandated staffing cuts, informed sources told Fastmarkets.

By Archie Hunter

Noble's board is said to have agreed on a directive for a major cut to headcount across the business, with traders informed that they would be let go on Monday and Tuesday this week. 

"They are blaming Covid-19 but the underlying issue is the businesses are...

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