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Behavox Expands Commodities Footprint with Moeve as Its Newest Customer
Behavox Expands Commodities Footprint with Moeve as Its Newest Customer

National Post

time19 hours ago

  • Business
  • National Post

Behavox Expands Commodities Footprint with Moeve as Its Newest Customer

Article content LONDON & MONTREAL — Behavox, the leading provider of AI-driven compliance and communication surveillance solutions, is pleased to announce that Moeve, a global energy company with a commodities trading arm, has successfully gone live with Behavox's platform as part of its commitment to modernizing its surveillance and regulatory compliance oversight. This partnership marks another exciting milestone in Behavox's expanding presence in the commodities industry. Article content The implementation was completed in June 2025, making Moeve the latest addition to Behavox's growing commodities customer base. While Moeve is leveraging Behavox's best-in-class AI risk policies, the focus remains on enabling key platform capabilities, including: Article content Scenario Testing Lab – Enables ongoing, pre-deployment validation of AI models. Customers can continually test and refine risk policies using intuitive A/B testing tools that compare logic and outcomes with each upgrade or iteration. MI Reporting Suite – Provides real-time visibility into alert trends, model performance, and investigative outcomes. These insights are accessible through a self-service visual dashboard, supporting a wide range of compliance and oversight use cases. QA Alerting – A highly configurable feature that enables compliance teams to verify the accuracy of alert reviews and closures. Designed to support diverse QA frameworks, it delivers targeted oversight and accountability across a wide range of customer use cases. Article content 'We are thrilled to partner with Behavox as we continue to strengthen our compliance framework. Their approach to scenario testing and alert QA capabilities give us both improved visibility and control,' said Rok Lasan, Head of Trading Compliance at Moeve. Behavox Chief Revenue Officer, Nabeel Ebrahim added, 'We're excited to welcome Moeve to our growing network of commodities customers. At Behavox, we focus not only on delivering cutting-edge AI-enabled risk detection, but also on ensuring seamless data integration, an intuitive user experience, and the transparency modern compliance teams need to succeed. Moeve's forward-thinking approach to compliance makes them an ideal partner, and we look forward to driving meaningful, long-term value together.' Article content Aishwarya Shastri, Commodities Trading Customer Success Manager at Behavox, Article content commented: 'We take pride in our high-touch Customer Success model – designed to provide strategic, hands-on support throughout every stage of the relationship. As Moeve integrates Behavox into their compliance operations, our objective is clear: to be a long-term partner that continuously delivers value, adapts to their evolving needs, and helps them achieve their surveillance goals with confidence.' Article content As Behavox continues to grow its presence in the commodities sector, partnerships like this reflect the industry's need for next-generation compliance platforms – not only powered by cutting-edge AI surveillance, but also designed to optimize the time, efficiency, and impact of compliance teams through continuously evolving features and tools. Article content About Behavox Article content Behavox is an AI company that transforms structured and unstructured corporate data into insights that safeguard and enhance businesses. Our proprietary technology and industry-specific LLM enables users to ask and answer questions without becoming domain experts, technologists, or data scientists. Our global client base includes banks, hedge funds, commodities firms, private equity firms, crypto firms and other non-financial companies. Equipping them with quality, cost-efficient insights, our solutions empower them to: Article content Article content Article content Article content

China iron ore imports hold up as storm clouds gather
China iron ore imports hold up as storm clouds gather

Reuters

timea day ago

  • Business
  • Reuters

China iron ore imports hold up as storm clouds gather

LAUNCESTON, Australia, July 31 (Reuters) - Iron ore remains a standout performer among major commodities this year as it holds above $100 a metric ton despite mounting signs that the steel sector in top importer China is softening. The most-traded iron ore contract on the Singapore Exchange ended at $101.71 a ton on Wednesday, down from $102.74 at the prior close. The rolling front-month contract has traded in a relatively narrow band this year, with a high of $107.81 a ton on February 12 and a low of $93.35 on July 1. That stability in pricing is largely a reflection that imports by China, which buys about 75% of global seaborne volumes, have held up. China's imports were 592.2 million tons in the first half of the year, down 3% from the same period in 2024, according to customs data. However, June arrivals were 105.95 million tons, the highest since December last year. China's July imports also look set to be above 100 million tons, with commodity analysts Kpler estimating 101.32 million tons. The relative resilience of China's iron ore imports appears to be the main reason that prices have been able to hold around the $100 level so far this year. The question for the market is whether they can continue to hold that level given the signals being received from the rest of the iron ore and steel sectors. China, which produces just over half of the world's steel, saw output drop 9.2% in June from the same month in 2024 to 83.18 million tons. This was also the lowest level of monthly production so far in 2025, and it led to output for the first half of 2025 declining 3% to 514.83 million tons. The outlook for the second half of the year isn't too rosy either, especially if annual steel production is to stay around the informal target of 1 billion tons, which has prevailed for the past five years. At best, China's steel output is unlikely to increase in the second half of this year from the first, and it may decline, especially if exports are lower as importing countries impose more duties on Chinese steel products. Exports of steel products dropped 8.5% to 9.68 million tons in June from May, although a strong start to the year meant shipments rose 9.2% in the first half to 58.15 million tons. But the likelihood is that China's steel exports are likely to ease in the second half, putting further pressure on the sector. Given China's economy is still battling to stabilise the property sector and its manufacturers face uncertainty over U.S. tariffs and intense domestic competition, it's increasingly difficult to construct a bullish case for iron ore. There is still some scope for iron ore inventories to increase, as port stockpiles monitored by consultants SteelHome ended at 131.05 million tons in the week to July 25, down from 151.8 million in the same week last year. It's also worth looking at iron ore demand outside of China, but this is also looking soft, with global seaborne imports dropping to 136.56 million tons in July, the lowest since April, according to Kpler data. Europe's seaborne iron ore imports are expected to fall to 6.53 million tons in July for a third straight monthly decline, according to Kpler. Japan, the world's second-largest iron ore importer, is a rare bright spot with July arrivals expected at a three-month high of 7.73 million tons. However, South Korea, the third-largest importer, is forecast to import 4.71 million tons in July, which is the weakest since February 2017, according to Kpler data. Enjoying this column? Check out Reuters Open Interest (ROI), your essential new source for global financial commentary. ROI delivers thought-provoking, data-driven analysis of everything from swap rates to soybeans. Markets are moving faster than ever. ROI can help you keep up. Follow ROI on LinkedIn, opens new tab and X, opens new tab. The views expressed here are those of the author, a columnist for Reuters.

Can Platinum Become Rich Person's Gold Again?
Can Platinum Become Rich Person's Gold Again?

Yahoo

timea day ago

  • Business
  • Yahoo

Can Platinum Become Rich Person's Gold Again?

NYMEX platinum futures posted a 32.12% gain in Q2 and were 49.22% higher over the first six months of 2025. After years of lagging gold, platinum posted the most significant gain in the precious metals sector and the commodities asset class in Q2 and the first half of 2025. I concluded my Q2 Barchart report on precious metals with: More News from Barchart America's $37 Trillion Debt Now Takes Venmo: Should Investors Be Worried? Dollar Rises as the EU and US Agree on a Trade Deal Dollar Rallies as Euro Slumps on the EU-US Trade Deal Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Silver, platinum, and palladium formed powerful bullish formations in Q2, with each metal falling below its Q1 low and closing the quarter above the previous quarter's peak. The bullish key reversal patterns could indicate that the bullish trend in the precious and industrial metals will continue over the coming months and quarters, as silver, platinum, and palladium catch up with gold. Platinum closed Q2 at $1,334 per ounce on the nearby NYMEX futures contract. The price continued to appreciate in July 2025. A bullish key reversal leads to more gains In Q2 2025, NYMEX platinum futures fell to a slightly lower low than in Q1 2025 before closing the second quarter above the first quarter's high, forming a bullish key reversal on the long-term chart. The quarterly continuous futures chart highlights platinum's bullish technical price action that caused the rare precious metal to move substantially above the $1,000 pivot point that had dominated price action from 2015 through Q1 2025. In early Q3, platinum futures continued their ascent, rising to over $1,500 per ounce, the highest price since Q3 2014. Nearby platinum futures were around the $1,425 level on July 28. Approaching the next upside target Platinum futures are closing on the next technical resistance level at the Q3 2014 high. The monthly continuous contract chart illustrates that platinum's next upside target is $1,523.80 per ounce, the high from July 2014. Above there, the February 2013 high of $1,774.50, the August 2011 high of $1,918.50, and the March 2008 record peak of $2,308.80 are technical resistance levels and upside targets. Platinum was once 'rich person's gold' In March 2008, when platinum reached its record $2,308.80 high, gold's peak was $1,033.90 per ounce. Platinum commanded a nearly $1,275 premium over gold. Platinum is a rarer precious metal, with approximately 170 tons of annual production. Most platinum output comes from South Africa and Russia. In South Africa, production is primary, while in Russia, platinum is a byproduct of nickel production in Siberia's Norilsk region. Annual gold production is approximately 3,600 tons. While China and Russia lead the world in gold output, Australia, Canada, the United States, Kazakhstan, Mexico, Indonesia, South Africa, Uzbekistan, Peru, and many other countries are leading gold producers, making gold output far more ubiquitous than platinum production. Invest in Gold Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation Thor Metals Group: Best Overall Gold IRA Meanwhile, in 2008 and for many years prior, platinum traded at a premium to gold, earning it the nickname 'rich person's gold.' However, since 2008, platinum's price took a backseat to gold as the golden bull has taken the yellow precious metal to a series of higher record highs, leading to the latest 2025 peak at the $3,500 per ounce level. Platinum's liquidity could mean a parabolic move is on the horizon- Fundamentals in a dangerous world support more gains As highlights, annual output of 170 metric tons of platinum compared to approximately 3,600 tons of gold makes platinum a far less liquid market. Moreover, the data from the futures arena highlights platinum's illiquidity compared to gold. Open interest is the total number of open long and short positions in a futures market. While gold trades on the CME's COMEX division, platinum futures trade on the CME's NYMEX division. A gold futures contract contains 100 ounces of gold, while a platinum futures contract contains 50 ounces of platinum. As of July 25, 2025: COMEX gold futures open interest was 466,174 contracts or 46,617,400 ounces. At $3,310 per ounce, the total value was over $154.304 billion. NYMEX platinum open interest was 88,775 or 4,438,750 ounces. At $1,425 per ounce, the total value was $6.325 billion. The platinum market is far smaller than the gold market. Lower liquidity often leads to higher volatility. In platinum's case, a herd of buying can exacerbate price action as we have seen over the first half of 2025, with platinum's over 29% gain. At the current price, platinum could have a long way to go on the upside before challenging the 2008 all-time high of $2,308.80 per ounce. PPLT and PLTM are platinum ETF products The most direct route for an investment or trading position in platinum is the physical market for bars and coins. Platinum futures on the CME's NYMEX division are a secondary route, as they offer a physical delivery mechanism. Two of the dedicated ETF products that hold physical platinum, trade on the NYSE Arca, and track the metal's price action are: The Aberdeen Physical Platinum ETF (PPLT) is the most liquid platinum ETF product. At $127.05 per share, PPLT had over $1.663 billion in assets. PPLT trades an average of nearly 398,000 shares daily and charges a 0.60% management fee. The GraniteShares Platinum Shares ETF (PLTM) provides exposure to platinum. At $13.45 per share, PLTM had over $89.288 million in assets. PPLT trades an average of nearly 450,000 shares daily and charges a 0.50% management fee. Platinum remains in a bullish trend, with plenty of upside room before it approaches the 2008 all-time high. Given gold's ascent over the past years and platinum's liquidity constraints, platinum could head back to its former position as 'rich person's gold.' On the date of publication, Andrew Hecht did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. 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