Magnesite Price Fixing Case Revived

In Animal Science Products Inc. et al. v. China National Metals & Minerals Import & Export Corp.,a new amended complaint revived an antitrust class action against China-based magnesite exporters, accusing the defendants of conspiring to fix the mineral’s prices.  The original complaint was dismissed for failure to state a claim under the Sherman Act because the complaint did not allege that any of the defendants brought processed magnesite into the United States.  According to the amended complaint, “the defendants have expressly agreed to conspire to fix prices and limit competition” since at least April 2000 and have sold and delivered magnesite and related products to U.S. customers at inflated or fixed prices.” 

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