HOTLINE: ‘Certain parties’ then, and now
May 04, 2012 | 08:56 AM
A copper trader was relishing the spat between Jiangxi Copper and other Chinese copper smelters on one side and certain parties on the other.
The smelters (after a meeting involving fabricators and traders too) have taken aim at companies they say are distorting the copper market.
The smelters say they will be delivering 100,000 tonnes to London Metal Exchange warehouses in this quarter to close their short positions: a big chunk of metal, given that China exported around 156,000 tonnes in total last year.....
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