Copper financing deals in China have yet to unwind
Apr 10, 2014 | 03:21 PM
| Andrea Hotter
SANTIAGO, Chile There could be up to 1 million tonnes of copper in financing deals in China, but these arrangements arent unwinding yet, Goldman Sachs Group Inc. analyst Max Layton said.
"I dont think these deals have unwound yet because they are still profitable and their end would remove a third of the countrys monetary base, but I think their days are numbered," he said at CRU Groups 13th World Copper Conference in Santiago.....
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