Coke to Goldman: Don't Mess With Aluminum Prices

(TheStreet ) -- Coca-Cola KO has rung the bell on a heavyweight battle against Goldman Sachs GS and its message couldn't be clearer: Quit messing with my aluminum price. The mega soft drink company has a big beef with Goldman, and it is letting Goldman know about it. As reported in the Wall Street Journal, Coke has registered a formal complaint to the London Metals Exchange, which oversees the large network of storage units for its traded commodities, including copper, zinc and tin. But Coke's concern is with aluminum, a key input need for the canning of many of its products and a critical input cost. Coke has seen aluminum prices explode more than 13% since the start of the year, even though supplies have been running at deep surpluses inside the LME's network of storage warehouses. Continue reading the article.