“I think it's a fair question,” he says, adding “there’s a case” to move the listing. “It’s not emotional. It’s business.” The comment, even if hedged, is likely to shock French politicians. TotalEnergies is a national champion, and the second-largest company in the benchmark CAC 40 index, after luxury behemoth LVMH Moet Hennessy Louis Vuitton SE .
Over the last six months, there has been a mass removal of non-Russian aluminum brands from the LME.
That potential supply loss has moved from a risk to the market to probably being largely expected.1)