In order to ensure the supply of bulk commodities and stabilize prices, the National Development and Reform Commission and the State Bureau of Grain and Material Reserves decided to put in batches of national reserves of copper, aluminum and zinc.
Following the release of 20,000 tons of national reserves of copper, 50,000 tons of aluminum, and 30,000 tons of zinc on July 5, the second batch of national reserves of 30,000 tons of copper, 90,000 tons of aluminum and 50,000 tons of zinc will be released in late July.
Xu Gaopeng, director of the Material Reserve Department of the State Administration of Grain and Material Reserves, said that the state reserves of material resources are sufficient, confident and capable of stabilizing expectations, and cooling the market.
(Reporter Wang Libin)