Column: After three years of exports China is now short of lead
The global lead market has bifurcated since the start of June, with Shanghai prices significantly outperforming that of the LME.
We’ve heard this before.
“We are ready to go forward. From our side there will be no more delays,” Otgochuluu Chuluuntseren, an Oyu Tolgoi LLC board member, said in an interview today in Ulaanbaatar.
Mongolia is anticipating a response from Rio next week on the final terms, he said. Brian White, an Oyu Tolgoi LLC spokesman in Mongolia declined to comment. Rio Tinto (RIO) in London declclined to comment.
There’s also the issue of the $4bn loan commitments from World Bank et al expiring next week.
Otgochuluu says that’s “not an obstacle”.
Via Businessweek
Comments
obtaclesnoptace
Not an obtacle? Wanna bet dude…