China to release national reserves of copper, aluminium and zinc

Aluminium stockpile in a Port Klang warehouse.

BEIJING/HANOI: China said on Wednesday it will release national reserves of some base metals over the near term, as the world's top metals consumer tries to stabilise the price of critical commodities.

The notice came as Beijing struggles to cool its red-hot metals sector, which has seen prices surge this year fuelled by a post-pandemic economic recovery, ample global liquidity and pockets of speculative buying.