Traders rent crude storage in Korea amid covid-19 outbreak; Rio Tinto in legal battle over copper mine claims from former employee; Bollington Wilson buys Prophet Trade Credit
In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
Rio Tinto is embroiled in a legal battle with a former employee who is claiming the miner was aware of problems at the Oyu Tolgoi copper project months before it was disclosed to investors
The Bollington Wilson Group has bought Harrogate-based insurance broker Prophet Trade Credit for an undisclosed sum
Several top trading houses have rented millions of barrels of crude storage in South Korea this month to hold excess oil supplies after the coronavirus outbreak dampened demand in China
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