{"id":31279,"date":"2021-06-17T13:09:10","date_gmt":"2021-06-17T12:09:10","guid":{"rendered":"https:\/\/thefreezonechannel.com\/?p=31279"},"modified":"2021-10-07T00:43:07","modified_gmt":"2021-10-07T00:43:07","slug":"china-to-release-metal-reserves-for-stable-commodity-price","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/china-to-release-metal-reserves-for-stable-commodity-price\/","title":{"rendered":"China to release metal reserves for stable commodity price"},"content":{"rendered":"<p>China has said it will further release its state reserves of copper, aluminum and zinc to ensure stable prices of commodities.<\/p>\n\n\n<p>Meng Wei, spokesperson for the National Development and Reform Commission, said the further release would ease cost pressure of commodities on firms.<\/p>\n\n\n<p>Wei said that the commission would work with other departments to release the nonferrous metals reserves in multiple batches as needed in light of market price changes.<\/p>\n\n\n<p>According to Wei, the National Food and Strategic Reserves Administration also announced that it will release national reserves of copper, aluminum and zinc via public bidding.<\/p>\n\n\n<p>\u201cThe release will be open to nonferrous metal processing and manufacturing enterprises, small and medium-sized enterprises will be favored in participating in the bidding,\u2019\u2019 Wei said.<\/p>\n\n\n<p>The commission has taken various measures to rein in market speculations and correct the excessively high commodity prices, as price declines have been seen in commodities including iron ore, steel and copper.<\/p>\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-31279\" data-postid=\"31279\" class=\"themify_builder_content themify_builder_content-31279 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>China has said it will further release its state reserves of copper, aluminum and zinc to ensure stable prices of commodities. Meng Wei, spokesperson for the National Development and Reform Commission, said the further release would ease cost pressure of commodities on firms. Wei said that the commission would work with other departments to release [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[140],"class_list":["post-31279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-foreign","tag-china","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China to release metal reserves for stable commodity price - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/china-to-release-metal-reserves-for-stable-commodity-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China to release metal reserves for stable commodity price - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"China has said it will further release its state reserves of copper, aluminum and zinc to ensure stable prices of commodities. Meng Wei, spokesperson for the National Development and Reform Commission, said the further release would ease cost pressure of commodities on firms. 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