Weaker yuan depresses China’s interest in metals imports

A rapid depreciation in the Chinese yuan in recent weeks is dampening the country’s interest in importing base metals and other metallics products due to less favorable terms for buyers in China, sources have told Fastmarkets.

The Chinese currency slipped to 7 yuan to $1 on May 17, breaching an important psychological threshold for the first time this year, according to data from the Bank of...


Sybil Pan

Sally Zhang

Ruby Liu

Yiwen Ju

Dylan Duan

Shiyue Zhao

Xiaoying Du

June 21, 2023

15:00 GMT

Shanghai, London