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Commodities Briefing - Categorized | Metals and Minerals, Regulatory more

Regulators examine aluminum warehousing

Posted on 13 August 2013

Federal regulators have begun an investigation into whether some Wall Street banks artificially inflated the cost of aluminum and other metals at the expense of end users and consumers, according to people familiar with the matter.
Commodity Futures Trading Commission enforcement officials sent subpoenas last week to firms responsible for storing and delivering aluminum, including Goldman Sachs Group Inc. and J.P. Morgan Chase & Co., seeking documents related to their commodities operations as far back as January 2010, the people said………………………………………..Full Article: Source


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