aluminum

Six percent of world’s total inventory of aluminum found hidden under tarps in remote Mexican desert

A California businessman suspected something was awry so he hired a private pilot to fly over a factory in a remote desert near the Mexican town of San Jose Iturbide. What he found was startling – nearly one million metric tons of aluminum, stacked in some cases several stories high, and covered with tarp and bales of hay. The cache is heavily guarded and the property surrounded by high walls and razor wire fencing.  The aluminum on the site represents about 6% of the world’s total aluminum inventory and is estimated to be worth over $2 billion dollars. The cache is suspected to be owned by one of China’s richest men, Liu Zhongtian, billionaire owner of China Zhongwang Holdings. It is believed that Zhongtian routed the aluminum