Trafigura Agrees to Pay $55 Million to Settle CFTC Charges of Fraud, Manipulation, and Impeding Whistleblower Communications

Trafigura Trading LLC, a unit of global commodities trader Trafigura, has agreed to pay a $55 million civil fine to settle U.S. Commodity Futures Trading Commission (CFTC) charges.The CFTC alleged that Trafigura violated U.S. laws and regulations by trading gasoline with material nonpublic information, manipulating an oil pricing benchmark, and requiring employees to sign agreements […]

Global Aluminum Producers Seek Higher Q3 Premiums from Japanese Buyers

Global aluminum producers have offered Japanese buyers premiums of $185 to $190 per metric ton for July-September primary metal shipments, up 25% to 31% from the current quarter, according to three people directly involved in the quarterly pricing talks. Japan is a major Asian importer of aluminum, and the premiums it agrees to pay over […]

Iron Ore Prices Extend Gains Despite Ongoing Demand Concerns in China

Iron ore futures rose for a second straight session on Friday, supported by higher-than-expected hot metal output from steelmakers. However, concerns over demand in top consumer China and high portside stocks pushed prices down for a third consecutive week. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) climbed 1.97% to 827.50 […]

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