Collapse Of Asia’s Largest Aluminum Producer Leaves Massive Hole In Market ...Middle East

OILPRICE - Economy
Collapse Of Asia’s Largest Aluminum Producer Leaves Massive Hole In Market
source : OILPRICE ( Middle East ) () 29
Via AG Metal Miner Recent aluminum supply news remains inundated with the Zhongwang Holdings controversy. Many remember the case from 2019 when US prosecutors accused six southern California companies of evading aluminum import duties. The organizations had ties to Zhongwang Holding’s owner Liu Zhongtian and the skipped duties came to $1.8 billion total. The prosecutors claimed that between 2011 and 2014, the companies sold 2.2 million aluminum pallets to a US entity controlled by Liu. They then utilized melting facilities to turn the pallets…

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