Commodities firms face scrutiny over stockpiling

UK Government committee calls for investigation by the Office of Fair Trading – but London Metals Exchange dismisses claims

JP Morgan, Goldman Sachs, Glencore and Trafigura have been dragged into a row about whether commodities trading firms should be allowed to stockpile raw materials.

The firms, which have significant commodities trading operations as well as warehousing facilities, are facing scrutiny after a UK government committee asked the Office of Fair Trading to examine whether their practices were anti-competitive.

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