The Chinese government will increase the quantity of metal in its second batch of non-ferrous metal reserves sales at the end of July or beginning of August, sources said on Monday July 19.
An estimated 230,000 tonnes of non-ferrous metal will enter the market soon, made up of 50,000 tonnes of copper, 80,000 tonnes of zinc, and 100,000 tonnes of aluminium, sources said.
This quantity is more than double the initial sale at the beginning of July when China sold 100,000 tonnes of state-owned non-ferrous metals via a public...