Radiant World

Glencore suspends iron ore chief amid Radiant World probe

Glencore has suspended Peter Hill, its head of trading for steelmaking raw materials including iron ore and coking coal, as the commodities giant reviews its dealings with embattled iron ore trader Radiant World, according to Bloomberg and the Financial Times.

Radiant World sues Glencore for $2 billion in Singapore

Radiant World and Sapphire Minmetals filed a $2 billion lawsuit against Glencore in Singapore on Tuesday, opening an aggressive new front in a sprawling dispute that has rocked the commodities trading world and drawn the attention of U.S. and Singaporean…

Jefferies-linked fund’s exposure to Radiant World nears $500 million

A fund managed by a subsidiary of Jefferies has nearly $500 million of exposure to embattled iron ore trader Radiant World, according to the Financial Times, a figure far exceeding earlier estimates and marking one of the largest known creditor…

Radiant World’s top China iron ore trader quits amid probes

Leon Jin, Radiant World's head of iron ore in China, left the company on Monday as the embattled trading firm faces escalating pressure over allegations it supplied falsified invoices to banks, according to Bloomberg and Reuters.

Glencore held warrants in Radiant World before cutting ties

Glencore acquired warrants for a minority ownership stake in Radiant World in late 2025, just months before cutting ties with the Singapore-based iron ore trader now facing U.S. federal investigations over allegedly falsified trade documents, Bloomberg reported Monday.

DOJ, CFTC investigate iron ore trader Radiant World

The U.S. Department of Justice and the Commodity Futures Trading Commission are investigating deals made by Radiant World, one of the world's largest iron ore traders, Bloomberg News reported on Friday. The probe marks a sharp escalation in scrutiny facing…

Banks freeze Radiant World funds as top miners cut ties

Radiant World, one of the world's largest iron ore traders with annual revenues of about $12 billion, is facing a rapidly escalating crisis after major banks froze its funds and the industry's biggest miners moved to sever ties with the…

Iron ore hits one-year low as Radiant World fallout rattles markets

Jefferies Financial Group is reviewing its exposure to Radiant World, one of the world's largest iron ore traders, after major commodity houses severed ties with the privately held firm over concerns about falsified trade finance documents. The review adds fresh…