Copper's woes: In China a person or business can pledge Copper as collateral for a loan
Alex Manger
Georgeson Shareholder
Copper's woes: In China a person or business can pledge Copper as collateral for a loan. The Chinese Govt are aware that some borrowers are using the same collateral for different loans, so have put in moves to stop this (imagine just a few borrowers like that defaulting). Add to this reports of weakness in Chinese manufacturing and ongoing demand for Copper looks weak. The kicker... China is responsible for about 40% of the world's copper consumption.
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Alex Manger
Director - Business Development
Georgeson Shareholder
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Alex Manger
Director - Business Development
Georgeson Shareholder
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No areas of expertise
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