Tuesday, July 27

Aluminum

Aluminum, China, Commodities, Copper, Markets, MI Exclusive, Zinc

China will release more metals stockpiles in an effort to control soaring commodities prices

An employee produces copper wires at Nanjing Gree Electric Enterprise Co. in China. Fang Dongxu/VCG via Getty Images China is pumping copper, aluminum, and zinc into commodity markets to tamp down soaring prices. The move, first reported by Bloomberg, comes as commodity prices have marched steadily upward for months. But Wednesday's commodity reserves dump is just a fraction of the country's estimated reserves. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. China is pumping copper, aluminum, and zinc into commodity markets to tamp down soaring materials costs, the country's strategic reserves agency announced on Wednesday.The move, which was first reported by Bloomberg, comes as commodity prices have marched steadily upward for months, with the S&P GSC...