Aluminum Stash Visible From Space Turned to Gold for Trader
- Castleton is said to start selling stockpiled metal in U.S.
- Trader benefiting from premium surge on tariffs and sanctions
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Two years ago, a commodity trading house started stockpiling thousands of tons of aluminum near a bend in the Mississippi River outside New Orleans.
Now Castleton Commodities International LLC, the trader backed by hedge fund luminaries including Paul Tudor Jones, is sitting on a veritable gold mine as a scramble for aluminum unfolds in the wake of U.S. sanctions against United Co. Rusal and Donald Trump’s aluminum tariffs.