MoneyBlogNewz, CC BY 2.0
Manufacturers Accuse Banks of Hoarding Aluminum. Reform Opportunies Missed? (Reuters)
Manufacturers have filed lawsuits in the United States accusing the London Metal Exchange (LME), banks and traders of causing prices to jump for aluminum by storing the metal in warehouses owned by the banks and traders. Among those firms accused of anti-trust violations are Goldman Sachs, JPMorgan and Glencore-Xstrata. A series of reform initiatives focused on the LME from 1996-2011 have been inconsistently and incompletely implemented, leaving the exchange open to these charges.
This content is for paid subscribers only. To gain access subscribe to one of our…
It is hard to find a seasoned investor who doesn’t believe the stock market is…
No one believes a financial disaster can strike… until it’s too late. That’s bizarre, considering…
The Options Industry Council is a resource used to educate investors about the benefits and…
The put-call parity is the relationship that exists between put and call prices of the…
“It’s not a stock market, it’s a market of stocks.” -- “Maxims of Wall Street,”…