Shanghai to Expand Storage for Copper, Aluminum to Boost Trade-Hub Status

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.

To read the full market news, click here.

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