China buys 300,000 T aluminium for reserves-sources
Times：2009-01-07 02:55:51 Author：
BEIJING/SHANGHAI, Dec 25 (Reuters) - China's State Reserves Bureau (SRB) has agreed to buy 300,000 tonnes of aluminium at 12,300 yuan ($1,800) per tonne in January to support producers, trading and industry sources said on Thursday.
The SRB will buy around half the aluminium from state metals firm Chinalco and the rest from six or seven other smelters, the sources said. Several sources said officials were still discussing further purchases and could target 1 million tonnes in total.
The SRB will buy around half the aluminium from state metals firm Chinalco and the rest from six or seven other smelters, the sources said. Several sources said officials were still discussing further purchases and could target 1 million tonnes in total.
