China's SRB purchases nickel from banks, major traders

China’s state reserve watchdog may stockpile nickel in a different way, purchasing some nickel from banks and inviting major traders to participate in a tender, market sources told Metal Bulletin.

Talks have been circulating this week that the Chinese State Reserve Bureau (SRB) is purchasing between 20,000-50,000 tonnes of nickel plate. In addition to the major traders the SRB usually...

Published

Linda Lin

July 24, 2015

10:23 GMT

Shanghai