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Exclusive: Glencore unit ramps up metal stores in Dutch hot spot

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LONDON (Reuters) – A warehouse company owned by commodity trader Glencore is rapidly expanding its lucrative storage facilities at a Dutch port that has become a hub for storing aluminum, a metal increasingly used by bankers and traders as a financing tool. The move in warehousing comes as banks and trading houses face increased scrutiny for speculating on commodity prices while at the same time owning sheds that store a fundamental driver of price – metal stocks. “Really a lot of warehouses have been added in one year. . . .

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