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.


2 topics

Alex  Manger
Director - Business Development
Georgeson Shareholder

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter