Glencore Halts Supplies to Chinese Trader Over $500 Million of Copper Missing, Financial Times Reports
August 12 2022 - 3:00AM
Dow Jones News
-- Glencore and Geneva-based IXM stopped supplying Chinese
metals merchant Huludao Ruisheng after $500 million worth of copper
went missing, the Financial Times reports, citing unnamed
sources.
-- Glencore transferred part of its metal stocks from the port
city of Qinhuangdao to other ports to avoid similar problems, while
several traders said the exposure of Western companies to Huludao
Ruisheng is limited, according to the Financial Times.
Full story: https://on.ft.com/3QAl3qA
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
August 12, 2022 02:45 ET (06:45 GMT)
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