NILSY accepting payments in YuanNILSY is shifting sales from EU to China and getting piad in Yuan. I guess that allows S to fill the gap in sales to the EU. But what about sales to China? Is Cuba and S also willing to get paid in Yuan?
>>>Nornickel’s Chinese customers are also pushing to link long-term contracts to Shanghai prices, the people said. Negotiations over the long-term contracts are still ongoing, they said, although they may also involve a mix of LME and SHFE pricing. China, the world’s largest consumer of commodities, has long pushed for greater control over pricing. Still, the vast majority of global commodity trade is still based on global benchmark prices in dollars. The shift to SHFE pricing was proposed by Chinese authorities some time ago, as they see it as a more stable benchmark than the LME, one of the people said.
https://www.bnnbloomberg.ca/russia-s-largest-miner-is-selling-nickel-to-china-in-yuan-1.1889965