Beijing returns to metals. Maybe taking advantage of tumbling prices, or maybe showing...


Beijing returns to metals. Maybe taking advantage of tumbling prices, or maybe showing confidence about the future, China's State Reserves Bureau has purchased base metals on the international market for the first time since the global financial crisis. The agency bought about 30K tons of nickel (JJN) - about one-sixth of LME stockpiles - according to sources, and has been making inquiries about copper (JJC). Other ETFs of note: LD, JJT.

Comments (3)
  • Jake2992
    , contributor
    Comments (978) | Send Message
     
    So China is not purchasing physical gold at historic levels as some have been claiming.....
    3 Jun 2013, 08:09 AM Reply Like
  • mc10010
    , contributor
    Comments (188) | Send Message
     
    I believe they will purchase when they get their price, probably lower
    3 Jun 2013, 08:17 AM Reply Like
  • dwaite81
    , contributor
    Comments (14) | Send Message
     
    Would be nice to see copper getting bot up... Reaction is muted today, seems significant.
    3 Jun 2013, 11:15 AM Reply Like
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