News Headline Summary
China State Reserves Bureau bought 100,000T of primary aluminium from smelters at CNY 15,730/T - CNY 15,760/T
- This is a confirmation from an earlier source comment at 0222GMT.
- This comes after reports that China will add 400,00 tonnes of aluminium for reserves.
- This is seen as a sign that China is to resume stockpiling metals.
- Purchases from China will help to stimulate aluminium prices.
- China recently gave the go a head for a raft of new infrastructure projects worth more than USD 150bln which are all metal intensive.
- In 2008 at the hight of Chinese stimulus measures China purchased 235,000T of Copper, 590,000T of primiary aluminium and 159,000T of refined zink.
04:30, 15 Nov 2012 -
06:16, 15 Nov 2012
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