LME to contest zinc price manipulation suit

May 27, 2014 | 12:27 PM | Daniel Fitzgerald

Tags  LME lawsuit, London Metal Exchange, warehousing, zinc, Duncan Galvanizing, zinc prices, zinc lawsuit, Hong Kong Exchanges & Clearing HKEx

NEW YORK — The London Metal Exchange will "vigorously" contest a lawsuit filed against the exchange by Duncan Galvanizing Corp., which alleges anti-competitive and monopolistic behavior in the warehousing market in connection with zinc prices.

The LME and parent company Hong Kong Exchanges & Clearing Ltd. (HKEx) have been named as co-defendants in the lawsuit, filed in U.S. District Court for southern New York, HKEx said.....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results