Reportedly, China's State Reserves Bureau (SRB) has started its new taking-in spree on Thursday of 100,000 tons volume for both aluminum and zinc from local smelters.
Market analysts said it is a signal that the market of the metals have hit bottom, the SRB's taking in would dissipate a boost in the base metal market, which has facing slowing growth and oversupply globally.
China is world's largest base metal consumer, earlier this week news came that SRB would take in 160,000 tons of Aluminum.