trending Market Intelligence /marketintelligence/en/news-insights/trending/Wy1E8QdojgJ3DX2Tv_UB5g2 content esgSubNav
In This List

Chinese copper smelter halts syndication of US$300M facility

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023


Chinese copper smelter halts syndication of US$300M facility

A copper smelter in the eastern Chinese province of Shandong halted syndication of a US$300 million one-year facility just launched to the market two weeks ago, Bloomberg reported Dec. 11, citing sources familiar with the matter.

Dongying Fangyuan Nonferrous Metal Co. Ltd. and unit Dongying Lufang Metals Material Co. launched the pre-financing facility Nov. 28, inviting potential lenders to commit to the loan deal by mid-February 2020, according to the report.

A Dongying Fangyuan representative could not immediately comment to Bloomberg.

Amid a slowdown in the country's economy and ongoing U.S.-China trade tensions, margins of Chinese copper smelters have weakened with a darker outlook for refined metal demand.