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Reuters Africa reports that China has ordered local governments to cut a total 2.04 million tonnes of aluminium, copper, lead and zinc smelting capacity in 2011.
Reuters Africa reports that China has ordered local governments to cut a total 2.04 million tonnes of aluminum, copper, lead and zinc smelting capacity in 2011.
The market news is quoted as saying:
China is the world’s top producer and consumer of aluminium, lead and zinc and the largest consumer of copper.
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| Commodities | |||
|---|---|---|---|
| Gold | 2344.53 | -32.24 | |
| Silver | 27.94 | -0.52 | |
| Copper | 4.32 | +0.06 | |
| Oil | 85.45 | -0.14 | |
| Heating Oil | 2.68 | +0.02 | |
| Natural Gas | 1.77 | +0.01 | |
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