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Hong Kong exchange vows to fight new metals lawsuit

Posted on 27 May 2014

Hong Kong Exchanges & Clearing, owner of the London Metal Exchange, has vowed to fight a fresh legal challenge over its warehouses, this time related to the impact long queues have had on zinc prices.
US-based Duncan Galvanizing Corp filed a lawsuit in New York on Friday alleging that the LME – along with metals warehouse operators such as Goldman Sachs and JPMorgan – has engaged anti-competitive behaviour that has distorted the price of zinc, a metal used to coat steel………………………………………..Full Article: Source


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