Metals bets turned sour for Barclays Capital

The investment bank is set to shake up its base-metals trading team following the souring of a series of bets on copper, nickel and aluminium

The investment-trading arm of Barclays is expected to shake up its base-metals trading team following a difficult loss-making year.

Barclays Capital has run up significant losses trading base metals this year after a series of bets it made on copper, nickel and aluminium turned sour, people familiar with the situation said Thursday.

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