Chinese govt calls commodity price control a 'social responsibility' for country's leading metal producers

The Chinese government held a meeting with the biggest iron ore, steel, copper and aluminium producers on Sunday May 23 to call for them to rein in commodity price hikes.

Commodity leaders were told at the meeting to "proactively fulfill their social responsibilities" and make business decisions "for the benefit of the entire economy as a whole."
"The key message is that we ought to obey our parent's command. We better be tight-lipped, don't talk about price, measures and even market condition," a top executive at a state-owned conglomerate, who declined to be named, said.

Several...

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