Financial Times FT.com

China looks to buy more base metals

By Patti Waldmeir in Shanghai and Javier Blas in London

Published: December 3 2008 18:16 | Last updated: December 3 2008 18:16

China, the world’s largest metals consumer, is considering a plan to build up state reserves of base metals to help fight the impact of the global economic slowdown, according to an industry association.

Wen Xianjun, vice-chairman of the China Nonferrous Metals Industry Association, told a conference that central government was considering buying all types of base metals to boost domestic demand.

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