China's Minmetals to let US ops ‘fade out’

摘要

Trader Minmetals has decided to wind down its operations in the United States, citing increasing uncertainty for Chinese state-backed firms operating in the country, Fastmarkets has learned. Minmetals Inc (LA), a US trader of metal scrap, tungsten and cemented carbide products and auto parts, will “fade out” with priority given to businesses in other regions, according to well-informed sources.