China’s Association Calls For More Copper Stockpiling

China’s state-backed metals industry group is calling for more copper in the country’s strategic stockpiles, a move that would add to upward pressure on prices and highlight a growing push by governments to bolster supply security.

Industry experts suggest the country should expand strategic copper reserves, while working with major state-owned producers to boost commercial inventories, according to the China Nonferrous Metals Industry Association, which held an annual briefing to review trends in the sector on Tuesday.