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News & Press: Industry News

Vietnam newspaper picks up trail of aluminum stockpile

Tuesday, December 13, 2016   (0 Comments)
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The trail of the aluminum stockpile that was shipped from Mexico to Vietnam, according to a Wall Street Journal report, has been picked up by a Vietnam newspaper. 

 

Tuoi Tre (Youth) newspaper has recently visited the bonded warehouse (pictured at right; courtesy of Tuoi Tre) where the Wall Street Journal said 500,000 metric tons of aluminum shipped from Mexico is being stored, finding the stockpile under tight security for unclear reasons. 

 

The metal stockpile has been traced to Liu Zhongtian, chairman of aluminum giant China Zhongwang Holdings, one of China’s richest men.

With Mexico-Vietnam rarely used as a trade route for aluminum in recent years, the U.S. newspaper alleged that the unusual business move may have something to do with hiding the real origin of the metal. Read more...


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