Copper financing deals in China have yet to unwind

Apr 10, 2014 | 03:21 PM | Andrea Hotter

Tags  Goldman Sachs, copper supply, financing, China, CRU Group, Max Layton, Andrea Hotter

SANTIAGO, Chile — There could be up to 1 million tonnes of copper in financing deals in China, but these arrangements aren’t unwinding yet, Goldman Sachs Group Inc. analyst Max Layton said.

"I don’t think these deals have unwound yet because they are still profitable and their end would remove a third of the country’s monetary base, but I think their days are numbered," he said at CRU Group’s 13th World Copper Conference in Santiago.....

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