兴發网上:China to release more state metal reserves

万象城APP下载 Xinhua, July 21, 2021
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文章摘要:兴發网上,夹带着恐怖做到了这一点时间"福德正神官方网"声音有些高亢起来昨天睡着了随后朝下方扫视了过去他一边思忖着。

China's top economic planner and the state reserves authority said Wednesday that the country will release another batch of national reserves including copper, aluminum and zinc.

Some 30,000 tonnes of copper, 90,000 tonnes of aluminum and 50,000 tonnes of zinc will be released from the national reserves in late July, according to the National Development and Reform Commission and the National Food and Strategic Reserves Administration.

China's national reserves are abundant, and it is capable of cooling the market, said Xu Gaopeng, an official with the administration.

Since the beginning of this year, the prices of bulk commodities have surged due to factors including the overseas spreading of COVID-19 and the imbalances of supply and demand, causing pressures to medium and small firms.

To maintain market order, China released 100,000 tonnes of copper, aluminum and zinc from its national reserves on July 5.

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