Hi Bill,
We are now looking into allegations regarding the aluminum market.

We would like to speak with traders who traded aluminum futures and/or options on the LME as part of our investigation.

I am attaching a brief memo summarizing the matter in further detail.

I appreciate your time and look forward to hearing from you.
Best,
Marty

It has been alleged that Goldman Sachs (amongst others) has been manipulating the market for aluminum. Goldman, an operator of several warehouses in Detroit, has stockpiled more than a million tons of the industrial metal aluminum, about a quarter of global reported inventories. Simply storing all that metal generates tens of millions of dollars in rental revenues for Goldman every year. The problem is that much less aluminum is leaving the depots than arriving, thereby creating a supply pinch.

Analysts are curious why London's metals market allows big financial players like Goldman to own the warehouses which store huge quantities of metal even as they trade the commodity. The London Metal Exchange (LME), the world's benchmark industrial metals market, says the current maximum rent, set by warehouse operators, is 41 U.S. cents per day per ton. At that rate, Goldman's warehouse operation in Detroit could be generating as much as $451,000 per day or about $165 million a year in revenue.

We are looking to speak with individuals/entities that buy aluminum directly from an LME warehouse or that trade aluminum contracts on the LME.

If you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact Adam Frankel, Esq. at afrankel@grwlegal.com, 203-622-6001, or visit http://www.grwlegal.com.

Attorney Advertising. The material is for informational purposes only and does not constitute legal advice. Past performance does not guarantee future results.

Marty Lacoff

203-629-4900