Thu, Jan 29, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Metals and Minerals more

China Won’t Sink Copper’s Ship

Posted on 13 June 2014

In China’s latest metals-for-loans scandal, it is easy to make mountains out of molehills. As far as copper is concerned, investors should try to see the issue for what it is—a medium-size molehill.
Copper spot prices have slumped 4% since reports that Chinese authorities are cracking down on traders who use metals such as copper as collateral for loans. The case is complicated by evidence that a trader may have used metal stored at the northeastern port of Qingdao as collateral for multiple loans, possibly defrauding several Western banks, including Standard Chartered and Citigroup……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 39021 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
January 2015
S M T W T F S
« Dec    
 123
45678910
11121314151617
18192021222324
25262728293031