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Shaanxi buys 77,000 tons of lead, zinc
State reserve agency buys 100,000 tons of zinc
Guangxi moves ahead with metals buying plan

Hunan Nonferrous to buy metals as reserves

(Agencies)
Updated: 2009-04-14 15:48

China's top zinc producer, Hunan Nonferrous Metals Corp Ltd, plans to spend 1.2 billion yuan ($176 million) to build up metal reserves at its smelters as prices slump, the regional paper Hunan Daily reported.

Hunan Nonferrous plans to ask banks for a loan to buy lead, zinc, tungsten, antimony and indium from its smelters, and will sell down the stockpiles when their prices recover, the newspaper said in a report carried on the website of the Xinhua News Agency.

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