Grabbing A Corner On Russian Aluminum
It was one of the biggest price collapses metals traders had ever witnessed. As aluminum prices plunged nearly 50% in the early 1990s, industry experts largely blamed the Soviet Union's breakup for the chaos. Millions of tons of Soviet aluminum flooded the world market. Amidst the tumult, an obscure London trading company made a bundle on the wild selling, then bought up half of Russia's aluminum industry. Now, Trans-World Metals Ltd. and its associates control a formidable 5% of the world's aluminum output.
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