2015-11-25

Chinese State Owned Mining Assoc Asks Govt to Buy Their Inventory

Maybe the PBoC can buy all surplus metals, housing and any debt people don't want.
Reuters: Chinese aluminum, nickel producers ask state to buy up surplus metal
China's aluminum and nickel producers have asked Beijing to buy up surplus metal, sources said, the first coordinated effort since 2009 to revive prices suffering their worst rout since the global financial crisis.

The state-controlled metals industry body, China Nonferrous Metals Industry Association, proposed on Monday that the government scoop up aluminum, nickel and minor metals including cobalt and indium, an official at the association and two industry sources with direct knowledge of the matter said.

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