China to Auction 117,000 Tons Aluminum From Reserves

Bloomberg.com reports that, in an effort to curb rising prices, China plans to have an auction from its’ reserves.

The story is quoted as saying:

Speculation that the government will intensify measures to curb inflation, including higher interest rates and price controls, drove China stocks today to the lowest in a month. China, whose consumer price index rose 4.4 percent in October, the fastest in two years, has also sold zinc, lead, paper pulp, magnesium, cotton, and corn reserves to ease supply shortages and prices.

To access the full story, click here.