Exclusive - Glencore to take 200,000 tonnes of aluminium from ISTIM Port Klang warehouses
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LONDON (Reuters) - Mining giant Glencore has bought 200,000 tonnes of aluminium on the London Metal Exchange and will take delivery of the metal from warehouses owned by ISTIM UK in Port Klang, Malaysia, five sources familiar with the matter said.Glencore wants the aluminium for delivery to clients but sources said the move was also a direct challenge to ISTIM, which is preventing companies from taking LME warranted metal when needed from its warehouses in Port Klang.Cancelled aluminium -..