Breaking News: Goldman Sachs Suspends Zinc Market Coverage Due to Staff Departures
Goldman Sachs has temporarily suspended coverage of zinc markets, citing "restricted capacity" after key personnel departures earlier this year. The departure of metals strategist Nicholas Snowdon to energy trader Mercuria, along with Jeff Currie's move to private equity firm Carlyle, has left the investment bank facing staffing challenges.
Furthermore, co-head of commodities trading Xiao Qin is set to retire by the end of the year, according to an internal memo obtained by Multibagger. These changes are shaking up the Wall Street bank's commodities division and could impact market analysis and trading strategies moving forward.
For investors and traders, this news could signal potential shifts in the zinc market as Goldman Sachs reevaluates its coverage and strategy. Stay tuned for updates as the situation develops and consider how these staffing changes may influence your investment decisions in the commodities sector.