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Chinese government buying has and will continue to lift base metals prices out of the cellar

Posted on 26 February 2009

From Mineweb.net: Raw material demand for metals and minerals will be boosted by China’s massive infrastructure programs with base metal prices already lifting off their near-term lows in December.

In her monthly Scotiabank Commodity Price Index analysis, economist Patricia Mohr noted that “China was a big factor in boosting copper and zinc prices, as the State Reserve Bureau (SRB) bought significant volumes at bargain prices for its ‘strategic ‘ inventories and in support of China’s large smelting & refining industry.”…. Full Article: Source


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