HOTLINE: Goldman's warehouse wait

Just like many other metals market participants, Goldman Sachs has been stuck in a warehouse queue.

One such wait came after the US bank acquired a “substantial” position in LME aluminium futures contracts at the end of 2012, which resulted in physical deliveries during 2014, it said. The position was “part of an effort to establish an inventory to meet demand from clients for metal or derivatives based on metal prices”,...

Published

Andrea Hotter

November 19, 2014

22:08 GMT

New York