Metals Rally On China Buying Speculation But Don't Get ExcitedRupert Hargreaves
Metals prices have rallied off six-year lows this week on hopes that Chinese producers will cut output in the face of low prices. Moreover, Bloomberg reported this week that Chinese authorities are weighing state purchases to support prices near the lowest in years. Bloomberg also reports that Chinese regulators are also considering a request from the association to probe short-selling in metals.
China: Supporting markets
According to Bloomberg and the exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here