You Don't Have to Leave China to Escape the Yuan

Maybe the copper financing deals aren't completely gone. Even if they are, there's still value in piling up tons of copper if you expect the currency will lose value.
Bloomberg: Chinese Copper Puzzle
One thing is clear -- the amount of copper sitting around in Chinese warehouses is increasing. Shanghai inventories overtook volumes in the London Metal Exchange's global network in February for the first time, and have increased since. That represents almost half a million tons of metal that can return to the market at the first sign of stronger demand -- a backlog which should keep a lid on prices for some time to come.

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