China aims to buy 10,000 tonnes of antimony for state reserves
Source: www.chinamining.org Citation: Reuters Date: June 21, 2016
China is provisionally planning to buy 10,000 tonnes of antimony for its state reserve this year, as Beijing seeks to boost its strategic holdings of some metals, an industry official said.
China is the world`s largest producer of the minor metal, which is widely used in range of products and materials from flame proofing materials to batteries and medical devices.
The state buying would be done in several stages and no timeline has been set yet, said the official from the China Nonferrous Metals Industry Association, declining to be named.
The volume could also be changed depending on the market situation, said the official, adding that purpose of the buying was not only to support prices but to ensure sufficient strategic supplies.
China`s cabinet said last week that it will boost state reserve of some metals
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