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J.P. Morgan Chase & Co. To Sell Metal Unit


J.P. Morgan Chase & Co. (NYSE:JPM) is poised to sell its U.S. metal concentrate unit.

J.P. Morgan Chase & Co. To Sell Metal Unit

Reuters has reported that J.P. Morgan Chase & Co. (NYSE:JPM) is set to sell its U.S. metal concentrates trading arm.

The size of the deal and identify of the buyer have not been disclosed, however J.P. Morgan Chase & Co. (NYSE:JPM) had previously received a deadline to sell off parts of its enlarged commodity trading operation that do not meet Federal Reserve regulations.

This new move is a part of company’s efforts to meet the demand.

J.P. Morgan Chase & Co. (NYSE:JPM) Metal & Concentrate LLC trades concentrate ore that has been crushed and milled to remove waste and increase the metal.

The unit trades copper, zinc and lead concentrates, as well as physical base metals, mainly copper and aluminum.

JP Morgan Chase & Co. (NYSE:JPM) shares are currently standing at 42.72.

J.P. Morgan Chase & Co. To Sell Metal Unit
Price History
Last Price: 42.72
52 Week Low / High: 27.85 / 46.49
50 Day Moving Average: 42.13
6 Month Price Change %: 27.8%
12 Month Price Change %: -4.4%


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