A tropical cyclone hit Western Australia in late March, causing operation disruptions and port damages that would affect some 25m tonnes of iron ore production.
Red Kite in 2017 sued Barclays for $850 million, alleging that the bank's traders were able to see the hedge fund's confidential trading positions on the London Metal Exchange.
A problem has emerged in relation to the LME's "load-in and load-out" rules, which specify the tonnage that has to be shipped out when a queue to deliver metal is longer than 50 days.
The complete lifting of the ban could allow billions of dollars in legal claims to move forward in U.S. courts and likely antagonize Canada and Europe.