China may increase sales volumes of metal reserves in second batch

The Chinese government may increase the quantity of metal it sells in a second batch from its non-ferrous reserves at the end of July or start of August, sources suggested on Monday July 19.

Broadly, market sources broadly estimated that the volumes of non-ferrous metals will increase in the second round of sales after China sold 100,000 tonnes of state-owned non-ferrous metals via a public tender to fabricators, made up of 20,000 tonnes of copper, 50,000 tonnes of aluminium and 30,000 tonnes of zinc ingot early in July.

Beijing has yet to...

Published

Hui Li

July 19, 2021

15:26 GMT

Shanghai