ASIA COPPER WEEK 2017: Copper financing in China remains tough, industry experts say

Financing copper remains difficult in China due to the depreciation of the yuan against the dollar and tighter regulations in the country, market experts told delegates at Metal Bulletin’s 13th Asia Copper Conference in Shanghai on Wednesday November 29.

“In the past year, interest rate hikes from the US Federal Reserve, the downward pressure faced by the [yuan], and tighter regulations for approval of copper financing from banks have meant the window of opportunity hasn’t opened up yet,” Xiao Fu, head of commodity markets strategy, Bank of China International Global Commodities said.

Comparing the current environment against five years ago when copper financing was at its height, she noted...

Published

Shivani Singh

November 30, 2017

10:07 GMT

Shanghai