China to stock 1 mln T aly, 400,000 T copper -Antaike
uk.reuters.com
Fri Apr 17, 2009 6:34am BST
HONG KONG, April 17 (Reuters) - China's reserve-building plan targets total purchases of 1 million tonnes of aluminium, 400,000 tonnes of copper and 400,000 tonnes of lead and zinc together over three years, a report on a website controlled by China Nonferrous Metals Industry Association said on Friday.
Jia Mingxing, president of state-research group, Antaike, discussed the three-year plan in a CCTV show late on Thursday, the report said. (www.cnmn.com.cn)
Kang Yi, chairman of the association, said on the same program that China's non-ferrous stimulus plan aimed to phase out old capacity of 800,000 tonnes of aluminium, 300,000 tonnes of copper, 400,000 tonnes of zinc and 600,000 tonnes of lead over three years, the same report said. (Reporting by Polly Yam; Editing by Ken Wills)
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