August 14, 2013

Goldman Sachs subpoenaed in metal prices investigation

The CFTC is looking into claims that the warehouses intentionally increased buyer costs by slowing the movement of supply.

August 9, 2013

Lawsuits against Goldman, JPMorgan, Glencore Xstrata pile up

Cases against big banks to expose role played by the London Metal Exchange, say experts.

August 8, 2013

Glencore Xstrata sues Jamaica-owned firm over alumina shipments

Commodities trader claims Jamaica firm won't send the alumina it still owes Glencore due to a new agreement with another firm.

July 29, 2013

Banks, metal warehouses and the ‘dark inventory’ game

FT's John Gapper writes: "This abrupt integration of metals trading and storage echoes how banks piled into subprime mortgages before the 2008 crisis."

July 20, 2013

US Fed to review Wall Street banks metals business

US central bank reconsidering 2003 determination allowing banks to move into mining, processing, transportation and warehousing of metals and minerals.

July 13, 2013

Rio Tinto finds a taker for money-losing aluminum plants

About 500 jobs will be saved.

July 4, 2013

Starved for jobs, Europe shifts attitude towards mining

"Growing resource nationalism in many parts of the world makes Europe more attractive from a political risk point of view."

May 29, 2013

Rio Tinto looks to squeeze money out of Japanese aluminum buyers

"Demand in South East Asia has been quite good, but I don't think there is that much of an improvement in Japan."

May 26, 2013

Tony Blair called to rescue mining employees in Guinea

Ibrahima Touré and Issaga Bangoura have been in prison for over a month.

May 24, 2013

Vedanta raises $1.7bn, India’s largest ever offshore bond sale

This is a landmark transaction for Vedanta, which is joining domestic peers in catching the flood of US dollars being unleashed by central banks.