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US Seizes $25M of Aluminum Linked to Chinese Billionaire

14 points by zafka 10y ago

willvarfar 10y ago
[meta] web link has stopped getting me around the paywall. Isn't it against HN policy to link to sites with paywalls?
- John23832 10y ago
  I don't think so. The guidelines don't say anything about paywalls. WSJ and WaPo are linked to all the time. Now is it bad form, maybe...
  - johnward 10y ago
    "Are paywalls ok? It's ok to post stories from sites with paywalls that have workarounds." - FAQ
    - John23832 10y ago
      My fault. I went and skimmed at the guidelines before I responded. I must have missed that.
- nilved 10y ago
  Just flag it and hope the mods get the idea.
gregn610 10y ago
web link don't work. [Here's another](http://www.marketwatch.com/story/us-seizes-25-million-worth-of-aluminum-linked-to-chinese-billionaire-2017-01-13-101032922 http://www.marketwatch.com/story/us-seizes-25-million-worth-...)
pjc50 10y ago
(same story, less paywall) https://agmetalminer.com/2017/01/13/part-of-aluminum-stockpile-seized-us-opens-wto-case-against-chinese-aluminum/ https://agmetalminer.com/2017/01/13/part-of-aluminum-stockpi... Context: there is all manner of strange stuff going on in the aluminium market, especially in relation to futures and warehousing. e.g. https://www.fastmarkets.com/base-metals-news/aluminium/timeline-whats-happened-to-lme-warehouses-since-bazooka-was-loaded-112210/ https://www.fastmarkets.com/base-metals-news/aluminium/timel... https://ftalphaville.ft.com/2011/05/18/572046/please-wait-10-months-for-your-aluminium-thank-you/ https://ftalphaville.ft.com/2011/05/18/572046/please-wait-10... https://ftalphaville.ft.com/2014/01/16/1744342/an-aluminium-supernova-which-the-lme-never-saw-coming/ https://ftalphaville.ft.com/2014/01/16/1744342/an-aluminium-...
TeeWEE 10y ago
"To Read the Full Story, Subscribe or Sign In" More & more sites are doing this. Its such a crappy experience.
- rdlecler1 10y ago
  Losing money and laying off workers is a crappy experience for the media. I like my free high quality news as much as the next guy but the current system of free riding isn't working. Can't blame them for trying.
  - nilved 10y ago
    Where are you finding high quality news? In my experience, that comes from the places without a financial incentive.
forgotmypw 10y ago
If anyone can actually get to the article, would you mind pasting it here, please?
mkj 10y ago
What kind of warehouse do you need for 25M or aluminium?
- JoeAltmaier 10y ago
  Its a factory yard - just acres of dirt surrounded by a fence.
- alushta 10y ago
  $25 MM at $1820 per ton (prompt price on LME) yields about 1170 cubic feet of aluminium. So a 10' x 10' x 12' rectangle of metal. Of course, these things come in standardized ingots... so a bit bigger.
radicaledward 10y ago
Can we add a unit to the title here on HN? The only reason I clicked through was to see what unit the 25M was in. 25 million grams? 25 million milligrams? 25 million rupees? (it's $25 million USD)
- unclenoriega 10y ago
  Thanks for saving me a click. I was going to go with 25 million moles.
- alushta 10y ago
  NO kidding, I thought they meant 25 MM Tonne. Who the hell quotes commodities as an amount of money? The price of LME aluminium went from about $1720/MT a month ago to $1825/MT today. I've gone through the entire article and still don't know exactly how much metal they seized.

14 points by zafka 10y ago

willvarfar 10y ago

[meta] web link has stopped getting me around the paywall. Isn't it against HN policy to link to sites with paywalls?

John23832 10y ago
I don't think so. The guidelines don't say anything about paywalls. WSJ and WaPo are linked to all the time. Now is it bad form, maybe...
- johnward 10y ago
  "Are paywalls ok? It's ok to post stories from sites with paywalls that have workarounds." - FAQ
  - John23832 10y ago
    My fault. I went and skimmed at the guidelines before I responded. I must have missed that.
nilved 10y ago
Just flag it and hope the mods get the idea.

gregn610 10y ago

web link don't work. [Here's another](http://www.marketwatch.com/story/us-seizes-25-million-worth-of-aluminum-linked-to-chinese-billionaire-2017-01-13-101032922 http://www.marketwatch.com/story/us-seizes-25-million-worth-...)

pjc50 10y ago

(same story, less paywall) https://agmetalminer.com/2017/01/13/part-of-aluminum-stockpile-seized-us-opens-wto-case-against-chinese-aluminum/ https://agmetalminer.com/2017/01/13/part-of-aluminum-stockpi... Context: there is all manner of strange stuff going on in the aluminium market, especially in relation to futures and warehousing. e.g. https://www.fastmarkets.com/base-metals-news/aluminium/timeline-whats-happened-to-lme-warehouses-since-bazooka-was-loaded-112210/ https://www.fastmarkets.com/base-metals-news/aluminium/timel... https://ftalphaville.ft.com/2011/05/18/572046/please-wait-10-months-for-your-aluminium-thank-you/ https://ftalphaville.ft.com/2011/05/18/572046/please-wait-10... https://ftalphaville.ft.com/2014/01/16/1744342/an-aluminium-supernova-which-the-lme-never-saw-coming/ https://ftalphaville.ft.com/2014/01/16/1744342/an-aluminium-...

TeeWEE 10y ago

"To Read the Full Story, Subscribe or Sign In" More & more sites are doing this. Its such a crappy experience.

rdlecler1 10y ago
Losing money and laying off workers is a crappy experience for the media. I like my free high quality news as much as the next guy but the current system of free riding isn't working. Can't blame them for trying.
- nilved 10y ago
  Where are you finding high quality news? In my experience, that comes from the places without a financial incentive.

forgotmypw 10y ago

If anyone can actually get to the article, would you mind pasting it here, please?

mkj 10y ago

What kind of warehouse do you need for 25M or aluminium?

JoeAltmaier 10y ago
Its a factory yard - just acres of dirt surrounded by a fence.
alushta 10y ago
$25 MM at $1820 per ton (prompt price on LME) yields about 1170 cubic feet of aluminium. So a 10' x 10' x 12' rectangle of metal. Of course, these things come in standardized ingots... so a bit bigger.

radicaledward 10y ago

Can we add a unit to the title here on HN? The only reason I clicked through was to see what unit the 25M was in. 25 million grams? 25 million milligrams? 25 million rupees? (it's $25 million USD)

unclenoriega 10y ago
Thanks for saving me a click. I was going to go with 25 million moles.
alushta 10y ago
NO kidding, I thought they meant 25 MM Tonne. Who the hell quotes commodities as an amount of money? The price of LME aluminium went from about $1720/MT a month ago to $1825/MT today. I've gone through the entire article and still don't know exactly how much metal they seized.