The release of state metal reserves is one of a number of attempts by Beijing to cool a stellar rally in commodity prices that has squeezed manufacturers’ margins.
China’s state planner and market regulator on Monday looked at the spot market at the Beijing Iron Ore Trading Center and said they would closely monitor prices.
Shares in Western Copper and Gold declined Tuesday despite a rally in copper prices and the release of a positive PEA for its $3.3 billion Yukon project.