NFSRA: New Round of National Reserves Release of Copper, Aluminium and Zinc on the Way

SHANGHAI, Aug 20 (SMM) - In accordance with the State Council executive meeting on ensuring supply of commodities to stabilise prices, the National Development and Reform Commission, the State Food and Material Reserve Bureau jointly released on July 5 and July 29 two batches of national reserves of copper, aluminium and zinc with a total amount of 270,000 mt. The market’s response so far is satisfactory.

However, copper, aluminium and zinc prices are still at a high level, and some downstream small and medium-size enterprises are still having difficulties in production and operation. In the next step, the government will continue to release national reserves of copper, aluminium and zinc to facilitate the stabilised supply and prices of commodities.