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
About CHINA MINING
Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.
CHINA MINING Congress and Expo 2016 will be held at Meijiang Convention and Exhibition Center in Tianjin on September 22nd -25th, 2016. We invite you to join the event and to celebrate the 18th anniversary of CHINA MINING with us. For more information about CHINA MINING 2016, please visit: www.chinaminingtj.org.
