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FT/Alphaville says 700,000 mt of Chinese copper used for financing, not construction

Michael Allan McCrae | March 30, 2011 | 2:59 pm Base Metals China Copper 

In a worrying report for copper bugs, FT/Alphaville looks more closely at a practice in China whereby copper is warehoused and used as collateral to get financing rather than actually used to build things. The study finds that about 700,000...

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