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Shanghai to Expand Storage for Copper, Aluminum to Boost Trade-Hub Status
Sep. 02, 2011 03:35PM PST
Market NewsBloomberg reported that Shanghai plans to lower trading costs by increasing storage for copper and aluminum.
Bloomberg reported that Shanghai plans to lower trading costs by increasing storage for copper and aluminum.
The market news is quoted as saying:
Increased bonded warehousing space in Shanghai, the world’s busiest container port, may help China’s metals trading hub bring prices more in line with international rates as shipments are exempt from import duties.
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| Commodities | |||
|---|---|---|---|
| Gold | 2388.91 | +6.07 | |
| Silver | 28.49 | +0.32 | |
| Copper | 4.37 | +0.04 | |
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