Warehousing deals smooth aluminium price cycle - Michael Jansen
Apr 16, 2012 | 06:19 AM
London Metal Exchange warehouse financing arrangements have helped to smooth the aluminium price cycle, according to Michael Jansen, managing director of the global commodities group at JP Morgan.
“What we would have seen [if that hadn’t happened] is that prices would have come down quite a lot, and then stayed down, retrenching capacity permanently,” Jansen told Metal Bulletin.
“These deals have allowed companies the breathing space to retrench capacity more slowly.”
The number of cancelled aluminium warrants in LME-listed warehouses has shot up in recent months, meaning queues to....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.