date:Jul 30, 2014
36 lawsuits have been filed against the LME, Goldman Sachs and metal suppliers.
The price of aluminum for delivery in three months on the LME gained 11 per cent in the past year to $1,988 a metric ton. Surcharges to obtain the metal in the US and Europe, known as premiums, increased as much as 73 per cent.
The backlog for aluminum at depots in Detroit operated by Metro increased to 681 days as of the end of June from 675 at the end of May, according to the LME data. The period at warehouses o