China's southwestern Yunnan Province has started a second round of nonferrous metals stockpiling in a bid to ensure steady growth of the local industry, according to a statement of the provincial government's industry and communications commission. The statement said the reserve plan covers copper, aluminium, lead, zinc, tin, germanium and industrial silicon.
The provincial government earlier in the first round purchased 552,000 tons of nonferrous metals from local nine enterprises in December of last year.
The nine nonferrous enterprises include Yunna Aluminium CO., Yunnan Coal Chemical Industry Group, Yunnan Tin Co. and Yunnan Luoping Zinc & Electricity Co.
Source: TMCNet
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