The prices of non-ferrous metals have risen sharply in the past two weeks
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In the past two weeks, the prices of non-ferrous metals have risen sharply; especially copper, nickel, zinc, etc. – is this due to speculation, or has spring arrived?
I don’t think it’s hype nor the arrival of spring; it’s more like a brief period of warmth in October, during the depths of winter!
It’s a speculative move, driven by purchases by the State Reserve Bureau. Well, it won’t hold its value for long; after all, given the overall situation, it’s impossible for it to stand out on its own The price disparity between domestic and international markets is too severe! ! !
Is this true? If the State Reserves Bureau’s purchases reach saturation, who will take over then?
The purchases by the State Reserves Bureau will not lead to saturation; once prices and the market recover, those assets will be sold off to restore market balance.