Hot Copper Shorts Burning Commodity Firms
(Beijing)–China has long been the world's largest consumer and a net importer of copper, which makes exporting large quantities of the metal seem counterintuitive.
Yet Jiangxi Copper International Trading Co. Ltd. announced in May that it would join hands with other domestic traders and smelters and begin exporting refined copper, shipping it to transaction warehouses designated by the London Metal Exchange (LME).
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