Signage is seen at the JPMorgan Chase & Co. New York Head Quarters in Manhattan, New York City, U.S., June 30, 2022. read moreTsingshan has approached at least two LME brokers to become a client or increase credit lines after JPMorgan's actions, two sources with knowledge of the matter said. JPMorgan declined to comment and Tsingshan was not immediately available for comment via phone or email. In March, JPMorgan had the largest exposure of about 10 banks and brokers to large short positions, or bets on prices falling, held by Tsingshan. “And now those clients that have been reliant are finding that the cost of credit and access to liquidity is difficult post the war,” he said.

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