10:42 AM EDT, 09/03/2024 (MT Newswires) -- Goldman Sachs Group ( GS ) has suspended zinc market coverage "for the moment" amid "restricted capacity," Reuters reported Tuesday.

Metals strategist Nicholas Snowdon has left Goldman to join Mercuria, according to the report. In February, Goldman's former head of commodities research, Jeff Currie, joined Carlyle Group (CG).

Goldman's co-head of commodities trading, Xiao Qin, will retire by the end of the year, Reuters reported, citing an internal memo.

Goldman didn't immediately respond to MT Newswires' request for comment.

The company's shares were down 3.9% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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