London Metal Exchange imposes $1.4m fine on Glencore warehouse unit

March 31, 2017

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The London Metal Exchange (LME) imposed a $1.4-million fine on the metals warehouse unit of commodity group Glencore on Friday, for falsifying documents detailing zinc movements from New Orleans.

The LME, the world’s oldest and largest market for industrial metals, said Glencore’s Access World agreed to pay the fine without admitting any breaches.

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