Summary
[Development and Reform Commission: Multiple batches of copper, aluminum, and zinc national reserves will be launched in due course]On June 17, the National Development and Reform Commission held a June press conference. A spokesperson for the National Development and Reform Commission said that yesterday, the State Bureau of Grain and Material Reserves issued an announcement stating that it will organize the release of national reserves of copper, aluminum and zinc. The launch is aimed at mid- and downstream processing and manufacturing enterprises, implementing open bidding, and preferring as much as possible to small and medium-sized enterprises in terms of participation conditions. For some time to come, we will also work with relevant parties, depending on market changes, to launch multiple batches in a timely manner to increase market supply in a timely manner, ease the cost of enterprises, and promote prices to return to a reasonable range. (Securities Times)
On June 17, the National Development and Reform Commission held a June press conference.The spokesperson of the National Development and Reform Commission said that yesterday, the State Bureau of Grain and Material Reserves issuedannouncementSaid that it will soon organize the release of national reserves of copper, aluminum and zinc. The launch is aimed at mid- and downstream processing and manufacturing enterprises, implementing open bidding, and preferring as much as possible to small and medium-sized enterprises in terms of participation conditions. For some time to come, we will also work with relevant parties, depending on market changes, to launch multiple batches in a timely manner to increase market supply in a timely manner, ease the cost of enterprises, and promote prices to return to a reasonable range.
(Source: Securities Times)
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