Thursday, May 11, 2017

WORLD_ Money From Chinese State Giants Helped Fund Aluminum Stockpile




Money From Chinese State Giants Helped Fund Aluminum Stockpile

A complex web of deals shows how aluminum firm China Zhongwang was able to route metal around the globe

By Scott Patterson

May 11, 2017 7:03 a.m. ET

Money from state-run Chinese companies was used to help finance the buildup of a massive aluminum stockpile that has crisscrossed the globe, depressed prices and sparked a criminal investigation in the U.S., according to business records, emails and people with direct knowledge of the transactions.

Any such involvement by these entities could further strain relations between China and the U.S., which says Beijing undercuts global competition by giving government assistance to its commodity companies. Aluminum is among...



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