Aluminium price-fixing conspiracy
The aluminium price-fixing conspiracy was an alleged effort by Goldman Sachs Group Inc, JPMorgan Chase & Co, Glencore Xstrata[1] and their warehouse companies to inflate the price of aluminium by creating artificial supply shortages at their warehouses between 2010 and 2013. On July 20, 2013, The New York Times published an article outlining the scheme which subsequently brought about the attention of the United States Justice Department.[2] The New York Times went on to estimate that the actions of the accused cost American consumers almost $5 billion during its duration.
See also[]
References[]
- ^ "LME wants aluminum warehousing suits heard in New York". Reuters. 6 December 2013.
- ^ Kocieniewski, David (20 July 2013). "A Shuffle of Aluminum, but to Banks, Pure Gold". The New York Times.
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