Glencore, Trafigura buy metal in Qingdao court auctions

Beijing — Commodity traders Glencore PLC and Trafigura have picked up a combined 70,479 tonnes of aluminum over the past week by winning online auctions of metal inventory dating back to China’s 2014 Qingdao warehousing scandal, according to the e-commerce platform that hosted the sales. The stock, being auctioned on a JD.com site by the […] More »