-- Glencore and Geneva-based IXM stopped supplying Chinese metals merchant Huludao Ruisheng after $500 million worth of copper went missing, the Financial Times reports, citing unnamed sources.

-- Glencore transferred part of its metal stocks from the port city of Qinhuangdao to other ports to avoid similar problems, while several traders said the exposure of Western companies to Huludao Ruisheng is limited, according to the Financial Times.

Full story: https://on.ft.com/3QAl3qA

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

August 12, 2022 02:45 ET (06:45 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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