Saturday 24 July 2021, 09:58 AM
China to release 50,000 tonnes of aluminum reserves
By IANS | Bharat Defence Kavach | Publish Date: 6/23/2021 2:14:51 PM
China to release 50,000 tonnes of aluminum reserves

Beijing: China will release 50,000 tonnes of aluminum from its national reserves amid efforts to ease commodity price hikes and cost pressure on firms.Open bidding of the first batch of aluminum will start on July 5 at the website, the National Food and Strategic Reserves Administration said on Tuesday in a statement.

Only aluminum processing and manufacturing enterprises will be eligible to bid, and the purchased aluminum shall be used for production promptly. It shall not be resold or hoarded, said the administration, the Xinhua news agency reported.

China will further release its state reserves of copper, aluminum, and zinc to ensure stable commodity prices, the country's top economic planner, the National Development and Reform Commission, said earlier this month.The commission said it would work with other departments to release the nonferrous metal reserves in multiple batches as needed in light of market price changes.




भारत डिफेंस कवच की नई हिन्दी पत्रिका ‘डिफेंस मॉनिटर’ का ताजा अंक ऊपर दर्शाया गया है। इसके पहले दस पन्ने आप मुफ्त देख सकते हैं। पूरी पत्रिका पढ़ने के लिए कुछ राशि का भुगतान करना होता है। पुराने अंक आप पूरी तरह फ्री पढ़ सकते हैं। पत्रिका के अंकों पर क्लिक करें और देखें। -संपादक

Contact Us: 011-66051627

E-mail: [email protected]

Copyright 2018 Bharat Defence Kavach. All Rights Resevered.
Designed by : 4C Plus