JPMorgan plans yet to hit aluminum: market

Jul 29, 2013 | 04:35 PM | Michael Cowden

Tags  aluminum, JPMorgan, physical commodities, warehousing, Goldman Sachs

CHICAGO — Aluminum industry players reacted cautiously to news that JPMorgan Chase & Co. is considering a sale, spinoff or partnership for its physical commodities business.

Both producer and consumer sources, while speculating about who might potentially buy the business, said they has seen little or no impact from the development on their day-to-day business July 29.

“It definitely doesn’t change anything for us,” one producer source said. “Maybe it has implications for energy but, aluminum-wise, no difference whatsoever.” ....

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