Glencore threatened with $1.4bn lawsuit from embattled trader Radiant

Why it matters

The $1.4bn lawsuit threat against Glencore by Radiant is a notable market event involving a major commodity trader and a distressed counterparty, potentially impacting credit risk perceptions in the sector, but it does not represent a systemic or regulatory shift.

Sources

• Financial Times

  Glencore threatened with $1.4bn lawsuit from embattled trader Radiant

  Singapore-based iron ore company Radiant has been battling liquidity squeeze