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“The current price increase has completely deviated from the fundamentals of supply and demand," says National Development and Reform Commission.
China will release more metal reserves to ease supply shortage – state planner
Beijing, China. Credit: Wikimedia Commons
China will closely monitor market conditions and continue to release copper, aluminum and zinc from its state reserves, in an effort to overcome mismatches between supply and demand, the state planner told a briefing on Thursday.
“Currently, copper, aluminum, and zinc prices are still high,” said Li Hui, an official from the National Development and Reform Commission, adding that the authority will guide prices back to reasonable levels.
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