Bank financing robust despite nickel fraud concerns, Trafigura says
21-03-23 / by John Basquill
Trafigura says there has not been any structural change in banks’ appetites for financing nickel...UD Trading Group
Global banks to collaborate on fighting “pervasive” trade finance fraud
15-03-23 / by John Basquill
The International Trade and Forfaiting Association (ITFA) will lead efforts to cut out double financing...
Lenders turned down TMT Metals in 2021, rates ‘made no commercial sense’
08-03-23 / by John Basquill
TMT Metals, one of the traders Trafigura has accused of participating in a “systematic” fraud...
Trafigura replaces nickel head following alleged fraud
21-02-23 / by Jenny Messenger
Trafigura has named two new co-heads of its nickel, cobalt and lithium trading division, weeks...
Trader in Trafigura scandal ordered to pay US$63mn to financier TransAsia
14-02-23 / by Jacob Atkins
UD Trading Group, the commodity trader accused by Trafigura of carrying out fraudulent nickel trades,...
Trafigura accuses TMT Metals, others of “systematic” US$577mn nickel trading fraud
09-02-23 / by John Basquill
Trafigura has revealed it could lose more than half a billion dollars after falling foul...