BEIJING/HANOI: China said on Wednesday it will release national reserves of some base metals over the near term, as the world's top metals consumer tries to stabilise the price of critical commodities.
The notice came as Beijing struggles to cool its red-hot metals sector, which has seen prices surge this year fuelled by a post-pandemic economic recovery, ample global liquidity and pockets of speculative buying.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!