Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The National Bureau of Grain and Material Reserves in China announced on Tuesday that it would auction the first batch of 50,000mt of aluminium, 30,000mt of zinc, and 20,000 mt of copper national reserves on July 5-6.


The sale will be conducted through a public bidding process via an online platform known as the Chinese Weapon Electronic Bidding Platform. 


Aluminium processing or manufacturing units that registered on this platform before the end of 2019, have independent legal status to participate in this process. 


Earlier, Davis Index had reported that the sale of China’s State reserves of the three metals would control the high commodity prices in China. 

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