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Commodities Trading: Aluminum’s Alcoa bribes (maybe) and buys

Started by tfn · 11 months ago

"After naming Merrill Lynch CEO Stan O’Neal (yes, that Stan O’Neal, the one who was forced to step down after revealing $8.4 billion in mortgage writedowns for the investment firm last fall) to its board, Alcoa and Chinese competitor Aluminum Corporation of China, or Chalco, as it’s known, bought a 9% stake (12% of its London ... Continue reading »

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