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Steel News

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Home Steel News China to release first batch of aluminum, zinc, cooper reserves on Jul 5-6
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China to release first batch of aluminum, zinc, cooper reserves on Jul 5-6

23 Jun 2021 16:38 reported by Joy Liu

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According to the announcement from China’s National Food and Strategic Reserves Administration, it has decided to start to auction the first batch of national reserves of 100,000 tons of non-ferrous metals in total on July 5 to 6. The move was to curb price surges of bulk commodities.

The first batch to be released included 50,000 tons of aluminum, 30,000 tons of zinc, and 20,000 tons of copper.

These metals can be purchased by potential buyers at public auctions on China's bidding platforms.

Back to Steel News

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Metal Price Index

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  • Created with Highcharts 4.0.41. Apr1. May1. Jun2400260028003000
  • Created with Highcharts 4.0.41. Apr1. May1. Jun2200240026002800
  • Created with Highcharts 4.0.41. Apr1. May1. Jun800085009000950010,00010,500
  • Nickel
  • Zinc
  • Aluminum
  • Copper

Learn more

LME Official Bid Price

  • USD / MT
  • Cash
  • 3 Months
  • Zinc
  • 2,661.50
  • 2,688.00
  • Aluminum
  • 2,445.00
  • 2,457.00
  • Copper
  • 9,492.50
  • 9,461.00
  • Nickel
  • 15,200.00
  • 15,400.00

Learn more

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