Recovering yuan spreads ripples in minerals markets

By William Clarke
Published: Friday, 18 January 2019

The yuan-dollar exchange rate has changed direction after the Chinese currency saw its biggest one-week rise since 2005, which will have a broad bearing on minerals markets.

The yuan, the tightly controlled Chinese currency, is trading at its highest level against the dollar since July 2018, in a move which influences a wide range of industrial minerals markets.

The Chinese currency fell sharply against the dollar in June 2018, reaching lows of nearly 7 yuan to a dollar...