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keys
Penny Collector Member
383 Posts |
 Posted - 01/13/2009 : 18:59:05
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China industry association suggests reserving more metals
China Nonferrous Metals Association (CNMA) suggests the government purchase copper, zinc and nickel for reserve so as to rally the domestic nonferrous metals market and help related enterprises jolt out of operating difficulties.
Shanghai Securities News reported Friday that CNMA had submitted a report of the proposal to the related government department, in which CNMA suggests the government purchase 400,000 tons of copper, 400,000 tons of zinc and 20,000 tons of nickel for reserve.
Earlier, Chinese government had already adopted suggestions on purchasing 300,000 tons of electrolytic aluminium and removing 27 copper, nickel and aluminium products from the catalogue of products forbidden from processing export.
CNMA noted that state reserve is the most direct way for the government to support enterprises although it is not a full solution. – China Mining
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I change with the times-
but like silver coins found in your change
I stay the same.
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The United States of America started out as the new Republic of Rome.
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China planning on creating a base metals reserve
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