JPMorgan Corners LME Aluminum Market, Leading To Strange "Price Anomalies"
While not nearly as exciting as JPM cornering and manipulating the gold or silver markets, over the past few years Jamie Dimon's bank appears to have cornered a very prominent commodity traded on the London Metals Exchange, aluminum, resulting in price "anomalies" which as Reuters politely puts it "mean prices do not always reflect fundamentals" and which as we put it, reflect outright manipulation, however because regulators are captured have so far completely slipped through the cracks.