China to Sell 150,000 Tons of Metals From Reserves on Sept. 1
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China said it would release its third batch of metals from state reserves on Sept. 1 as part of its ongoing campaign to control prices and prevent commodities inflation from hurting growth.
The National Food and Strategic Reserves Administration said Friday it will sell 70,000 tons of aluminum, 50,000 tons of zinc, and 30,000 tons of copper, quantities in line with the two earlier auctions that took place in July.