The government of China is now acting on announcements it made in the week ended June 18 about intended sales of the country's metal reserves, which triggered a dramatic decline in prices.
China's National Food & Strategic Reserves Administration (SRA) released notices on Tuesday June 22 that it intended to sell 20,000 tonnes of copper, 30,000 tonnes of zinc and 50,000 tonnes of aluminium in an initial batch of sales.The bureau was...