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Metal Producers Rise in Shanghai, Shenzhen on Reserves Report

Nov. 3 (Bloomberg) -- China’s minor metal producers rose in Shanghai and Shenzhen trading after a report saying that China is studying the start of strategic reserves for 10 metals.

Ningxia Orient Tantalum Industry Co. rose the maximum 10 percent limit to 31.65 yuan as of 9:34 a.m. in Shenzhen and Yunnan Tin Co. climbed 3.98 percent to 42.6 yuan and ChenZhou Mining Group Co. soared 4 percent to 42.98 yuan.

Xiamen Tungsten Co. gained 2.6 percent to 62.97 yuan in Shanghai.

The 10 metals include rare earths, tungsten, antimony, molybdenum, indium, germanium, gallium, tantalum, zirconium and tin, according to the Shanghai Securities News today.

Link to Company News:{000962 CH <Equity> CN <GO>}

To contact the editor responsible for this story: Bloomberg News at swong139@bloomberg.net

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