Swiss trader Trafigura Group is facing losses of more than $500 million after learning that metal cargoes it purchased did not include the nickel they were supposed to. As a result of the fraud, the commodities dealers declared a $577 million impairment since the cargoes allegedly containing the nickel the firm purchased contained lower-value components … Continue reading Nickel In Pickle: Trafigura Recorded $577 Million Loss On Fraudulent Nickel Purchase