FOCUS: How has a stronger yuan affected the minor metals, ferro-alloys markets?

By IM Staff
Published: Tuesday, 20 October 2020

A strengthening of the yuan against the dollar is resulting in higher export offers for Chinese minor metals and ferro-alloys while also making buyers in China more willing to pay higher for imports.

By Susan Zou, Cristina Belda 

Following a strong economic recovery in China after the turmoil caused by the Covid-19 pandemic, the Chinese currency hit a 17-month high against the dollar on Friday October 9 – the first working day after the country’s week-long National Day holiday.

And while the...

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