Exports of ‘Made-in-China’ Metals May Extend Surge on Weak Yuan

Devaluation of China’s currency may boost prospects for extending a boom in the country’s exports of metals such as aluminum and steel, Bloomberg Intelligence analyst Eily Ong said.

“Metals prices may be depressed further, especially in oversupplied markets, and are unlikely to damp China’s exports, given production cuts have not materialized in the past,” Ong said in a report Wednesday.