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