https://sputnikglobe.com/20210721/china-to-sell-2nd-batch-of-nonferrous-metals-from-state-reserves-reports-say-1083431810.html
China to Sell 2nd Batch of Nonferrous Metals From State Reserves, Reports Say
China to Sell 2nd Batch of Nonferrous Metals From State Reserves, Reports Say
Sputnik International
MOSCOW (Sputnik) - China is planning to release a second batch of nonferrous metals from its national reserves this month, the Xinhua news agency reported on... 21.07.2021, Sputnik International
2021-07-21T14:50+0000
2021-07-21T14:50+0000
2021-07-21T14:50+0000
asia
world
newsfeed
china
commodities
metals
reserves
https://cdn1.img.sputnikglobe.com/img/107723/03/1077230323_0:161:3069:1887_1920x0_80_0_0_753318583ff0d8703cadc4a52ead8fbc.jpg
Earlier in the month, Beijing released 100,000 tonnes of copper, aluminum and zinc from its national reserves.According to the Chinese authorities, the country is now planning to sell about 30,000 tonnes of copper, 90,000 tonnes of aluminum, and 50,000 tonnes of zinc in late July.The move is intended to stabilize the prices of nonferrous metals in China, which surged earlier this year due to the COVID-19 pandemic, as well as supply and demand imbalances. The situation is said to burden medium and small companies.
china
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2021
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
newsfeed, china, commodities, metals, reserves
newsfeed, china, commodities, metals, reserves
China to Sell 2nd Batch of Nonferrous Metals From State Reserves, Reports Say
MOSCOW (Sputnik) - China is planning to release a second batch of nonferrous metals from its national reserves this month, the Xinhua news agency reported on Wednesday, citing the National Food and Strategic Reserves Administration.
Earlier in the month, Beijing
released 100,000 tonnes of copper, aluminum and zinc from its national reserves.
According to the Chinese authorities, the country is now planning to sell about 30,000 tonnes of copper, 90,000 tonnes of aluminum, and 50,000 tonnes of zinc in late July.
The move is intended to stabilize the prices of nonferrous metals in China, which surged earlier this year due to the COVID-19 pandemic, as well as supply and demand imbalances. The situation is said to burden medium and small companies.
