Senate to hear role of banks in warehouses

Jul 17, 2013 | 04:45 PM |

Tags  Senate, hearing, warehouse, LME, Detroit, Vlissingen, Aleris, Novelis Midwest premium

CHICAGO — The U.S. Senate plans to hold a hearing July 23 about whether banks should be allowed to control warehouses as concerns mount among some aluminum producers and consumers about the involvement of the financial community in the market. Timothy Weiner, global risk manager of commodities/metals at MillerCoors LLC, is among the witnesses expected to speak before a Committee on Banking, Housing and Urban Affairs subcommittee focused on financial institutions and consumer protection. Also speaking is Joshua Rosner, managing director of....

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