MB INTL COPPER 2014: Chinese smelters could export as falling yuan hits financing deals

Chinese copper smelters could start exporting cathode as soon as next month as a falling yuan and negative arb makes import financing deals unprofitable, according to Citrine Capital Management.

Speaking on the sidelines of the Metal Bulletin International Copper Conference in Milan on Tuesday March 11, Citrine Capital’s head of research Andreas Hommert said that the deteriorating economics of copper financing...


Mark Burton

March 11, 2014

14:28 GMT