Weaker renminbi will weigh on global copper market
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In this article
- Copper financing deals
- Financing considerations
- Interest rate arbitrage
- Broader renminbi trading band
- Renminbi depreciation
- Financing deals unprofitable
- Increased copper exports?
- Copper cathode
- Warehousing buildup
- Circumventing capital controls
- 'Round-tripping'
- 'Over-invoicing'
- Reduced global liquidity conditions
- Global market implications
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_350.jpg "A man stands near copper cathodes south of Shanghai (Reuters/Carlos Barria)")