The funds will be used to cover interests on bank loans taken out for the one-year stockpiling drive, which will include copper, aluminium, lead, zinc, tin, among others.
The industry is in "an extremely worrying situation" after 24 days of lockdown, Philippe Darmayan, president of the union of metals industry and businesses, said.
From oil to copper to coal, China’s gigantic commodities industry is signaling that the first economy to be flattened by the coronavirus is getting closer to a return to normality.
MINING.COM's ranking of the world's 50 largest mining companies based on market value shows a beleaguered industry at the end of the first quarter 2020.