Lawsuit meant to shine light on zinc extras

May 27, 2014 | 06:17 PM | Saranya Kapur

Tags  zinc, London Metal Exchange, LME, Duncan Galvanizing, Richard Brooks, Edward Meir, zinc premiums, special-high-grade zinc lawsuit

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 company’s top executive.

The lawsuit wasn’t 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.

"I’d like to know what’s going on with these premiums," he said.....

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