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Planned sale of Dubai-based group set to intensify battle for critical minerals
Restructure comes as trader posts record earnings but is hit by alleged $590mn nickel fraud
Singapore-based commodity trader denies fraud ahead of showdown in London’s High Court
Allegations set up blockbuster showdown in London’s High Court
Commodity trader’s scant knowledge of some of its counterparties raises questions over due diligence
Earnings cushion blow from impairment charges over alleged nickel fraud
European oil majors’ combined trading profits surpass those of the four biggest private energy traders
Nickel market could face widespread problems after instances of fraud start to emerge
Rebound in Chinese demand has pushed up cost faster than any other industrial metal
Companies set high-water mark unlikely to be repeated in 2023
Trafigura and Vitol bosses say they would increase activity if governments and banks give approval
Jeremy Weir says sector needs ‘contracts to reflect the underlying business’
Citadel and Trafigura expect no repeat of 2008 collapse of crude and metals prices
Commodity trader alleges the ‘controlling mind’ behind nickel scheme repeatedly tried to stall for time
Indian tycoon Prateek Gupta accused of ‘systematic fraud’ by world’s largest private metals trader
Failure to obtain certification and check customs codes alarmed bankers in deal at heart of lawsuit
Silver Bank’s shareholder has ties to alleged fraudster Prateek Gupta
Plus, Warren Buffett calls time on a merger arb bet and credit fund Angelo Gordon finds itself on both sides of distressed debt debate
Commodity trading group discovers shipments that did not contain any trace of the valuable metal
The man behind Trafigura’s nickel fiasco has some interesting connections
Commodities trader discovers shipments it had purchased did not contain the metal
Sale marks final severing of ties between commodity trader and Russia’s state-owned energy company
GOI’s partnership with commodities trader Trafigura gazumps Crossbridge in deal that rescues Sicilian plant after EU sanctions hit
Commodities group reaps record net profit on the back of energy crisis despite distancing its business from Russia
Deal is latest move by a commodity trader to help Berlin following Russia’s invasion of Ukraine
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