Read our articles on the latest happenings in commodity industry.

In 1980, the Hunt brothers, Nelson Bunker and William Herbert, attempted to corner the silver market, leading to one of the most significant market crashes in history. The Hunt brothers, who inherited their father’s oil business, were known for their wealth and influence in the commodities market. They believed that the US government’s decision to increase interest rates and allow the dollar to appreciate would lead to inflation and a rise in silver prices.

In 2003, one of the biggest financial scandals in Italian history came to light when Parmalat, the country’s largest dairy company, collapsed. The scandal involved a massive fraud scheme that had been going on for years, involving fake accounting, embezzlement, and false statements to investors. The Parmalat scandal shook the Italian economy and led to widespread public outrage.

In 2005, the Refco scandal rocked the financial world, leading to the downfall of one of the largest commodities brokerages in the United States. The scandal involved allegations of fraud, hidden debts, and false accounting practices that ultimately led to Refco’s bankruptcy and the criminal prosecution of several of its executives.

In the early 1990s, the Archer Daniels Midland (ADM) company was embroiled in a massive price-fixing conspiracy that rocked the agricultural industry. The ADM scandal involved executives from the company and several competitors, who were caught conspiring to fix the price of lysine, an amino acid used in animal feed. The scandal resulted in criminal charges, fines, and prison sentences for several high-ranking executives.

In 2006, a toxic waste scandal rocked the Ivory Coast. The incident involved the dumping of toxic waste by the multinational oil trading company, Trafigura, which resulted in the death of at least 17 people and caused thousands of others to suffer from health problems. The scandal has been the subject of numerous investigations, court cases, and media coverage, and continues to be a source of controversy and debate.

In 1996, one of the biggest financial scandals in history rocked the copper market. Yasuo Hamanaka, a trader for Sumitomo Corporation, was accused of single-handedly manipulating the copper market and causing losses of over $2.6 billion for his company. The scandal sent shockwaves throughout the financial world and raised questions about the integrity of the commodities market.

Noble Group, once a leading commodity trader, filed for bankruptcy in March 2018 after a dramatic downfall. The company was founded in 1986 as a Hong Kong-based scrap metal trader and grew to become a global commodity house with operations in over 20 countries. However, a series of accounting scandals, debt defaults, and credit rating downgrades led to the company’s collapse.

André & Cie was once a prominent ABCD commodity company that operated in the 20th century. The company was founded by André Hoffmann, a Swiss entrepreneur, in the early 1900s. André & Cie quickly became a major player in the international commodity trading market, dealing in coffee, cocoa, sugar, and other commodities.