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Tin Investing News reports since commodity prices continue to drop, China is stockpiling metals. Chenzhou authorities were planning to buy 2,000 tons of silver, 50,000 tons of lead, 5,000 tons of tin, 50,000 tons of zinc, 5,000 tons of tungsten and 3,000 tons of bismuth this year. Chenzhou is known to be rich in nonferrous …
Tin Investing News reports since commodity prices continue to drop, China is stockpiling metals.
Chenzhou authorities were planning to buy 2,000 tons of silver, 50,000 tons of lead, 5,000 tons of tin, 50,000 tons of zinc, 5,000 tons of tungsten and 3,000 tons of bismuth this year. Chenzhou is known to be rich in nonferrous metals, with more than 70 kinds of mineral resources, and reportedly has among the largest reserves of tungsten, bismuth, molybdenum, tin and zinc in China.
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