Metals trader Radiant World has reportedly agreed to sell a stockpile of aluminum to STG Group. This transaction is expected to provide liquidity to Radiant World.

Several Chinese traders and steel mills have reportedly ceased dealings with iron ore traders Radiant World and Sapphire Minmetals Corp., according to sources familiar with the situation.

Jefferies Financial Group is reviewing its exposure to collapsing auto supplier First Brands Group after investors in its Point Bonita Capital fund requested their money back.

Vitol Group and Cargill Inc. have ceased trading with Radiant World, a major iron ore trader, while Glencore Plc is also halting new business, all due to concerns over fake invoices.

Glencore Plc acquired warrants last year that would have given it a minority stake in Radiant World, an iron ore trader currently under scrutiny for allegedly providing falsified documents to banks.

Metals trader Radiant World is attempting to boost its liquidity by seeking to sell a stockpile of aluminum valued at approximately $150 million, offering it at a slight discount to market prices.

Deutsche Bank has frozen funds belonging to iron ore trading house Radiant World, as major mining companies begin to sever ties with the firm.

Jefferies is reportedly reviewing its exposure to Radiant World following concerns raised regarding trade finance practices.

The Justice Department and a U.S. financial regulator are reportedly investigating transactions involving Radiant World, a private firm that has rapidly grown to become one of the world’s largest iron ore traders.

Zürcher Kantonalbank (ZKB) and Austria's Raiffeisen Bank have been identified as lenders to the company Radiant World.

Glencore has announced that it has taken a provision on its exposure to the trader Radiant World. This financial adjustment reflects the company's assessment of the risks associated with its dealings with the firm.

An iron ore empire, Radiant World, which boasted of its 'diverse network' of suppliers and counterparties in a December 2024 corporate presentation, is now facing questions about its foundation of trust.