Goldman metal swap offer no help to Novelis: Madden
Aug 02, 2013 | 01:47 PM
| Jethro Wookey
LONDON Novelis Inc. and other aluminum consumers wont benefit from Goldman Sachs Group Inc.s offer to swap metal in warehouse queues with available material, as they have no metal in the queues, Novelis senior vice president and chief supply chain officer Nick Madden told AMM sister publication Metal Bulletin.
Goldman Sachs on Aug. 2 offered to swap any aluminum held by consumers in the delivery queue at Metro International Trade Services LLC warehouses for immediately available aluminum that it had sourced directly from producers.....
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.