Lawsuit meant to shine light on zinc extras
May 27, 2014 | 06:17 PM
| Saranya Kapur
NEW YORK Duncan Galvanizing Corp.s lawsuit against the London Metal Exchange and warehousing companies over zinc pricing is aimed at revealing the cause of higher free-market zinc premiums rather than achieving financial gain, according to the companys top executive.
The lawsuit wasnt filed for "beneficial gain" or to retrieve money, but rather to find out what has prompted higher zinc premiums, Richard Brooks, chief executive officer of Everett, Mass.-based Duncan Galvanizing, told AMM.
"Id like to know whats going on with these premiums," he said.....
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