Glencore must face US lawsuit over zinc prices

June 6, 2016

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A US judge on Monday said two units of Anglo-Swiss mining company Glencore must face a private antitrust lawsuit accusing them of trying to monopolise the market for special high grade zinc, driving up its price.

US District Judge Katherine Forrest in Manhattan said zinc purchasers alleged “a plausible story of market control” by the Glencore units, Glencore Ltd and Pacorini Metals USA, that violated the Sherman Act, a US antitrust law.

Category: General