Sunday, November 22nd, 2009

Posts Tagged ‘ Fortescue ’

China Has Stopped Stockpiling Metals

Jul 1st, 2009 | By Dan Denning | Category: Emerging Markets

China has stopped stockpiling metals, according to reports in the Chinese media. Will this put the cap on the recent strength in base metals prices? The AFP reports that, “China has been building its inventories of metals, including 235,000 tonnes of copper, over recent months, Caijing magazine reported on its website over the weekend, citing Yu Dongming, an official with the state economic planner.”