Citic Resources Starts Legal Action Over Port Material
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Citic Resources Holdings Ltd., the commodities trader controlled by China’s largest state-owned investment company, started legal action to recover materials missing from Qingdao port.
Citic Resources filed a claim against the port warehouse operator in the Qingdao Maritime Court seeking confirmation it owns alumina and copper held at the port, it said today in a statement. It wants the materials released and delivered, or compensation if they can’t be recovered.