State Reserve Bureau (SRB) has awarded aluminum and zinc
tenders, although the latter fell short of its target.
Chinas Aluminium Corp. of
China Ltd. (Chalco) and five other state-owned smelters won a
tender to sell 300,000 tonnes of aluminum to the SRB,
AMM sister publication Metal Bulletin has
Chalco tendered 100,000 tonnes,
a Chalco source said, followed by Ningxia Qingtongxia Energy
Aluminium Group Co. Ltd. at 90,000 tonnes; Henan Shenhuo Group
Co. Ltd., Qinghai Qiaotou Aluminum & Electric Power Co.
Ltd. and Yunnan Aluminium Co. Ltd., which each tendered 30,000
tonnes; and Henan Wanji Aluminium Co. Ltd. at 20,000
The March 15 tender was the
second round of a total of 400,000 tonnes purchased by the SRB.
The purchase price was set at 15,137 yuan ($2,435) per
Three zinc smeltersBayannaoer Zijin Nonferrous Metal
Co. Ltd., Chifeng Hongye Zinc Smelting Co. and one
othersold a combined 45,000 tonnes of metal to the SRB,
short of the agencys 50,000-tonne target. The average
purchase price was 15,882 yuan ($2,555) per tonne, below the
SRBs ceiling of 16,000 yuan ($2,574), market sources
A version of this article was first published by AMM sister
publication Metal Bulletin.