Network Metals LLC

There is an interesting story out today on stockpile registration in China, an issue that may keep cheaper metal, especially aluminum and copper from London, from getting to China. A law passed a couple of years ago requires foreign metal to be registered with Chinese authorities, and it may hinder getting the metal into Shanghai stockpiles in a timely fashion. More significant than just this instance, however, is the display of just how important imports of primary aluminum and copper are to Chinese industry. The stockpiles that the State Reserves Bureau has accrued over the past few months have put more emphasis on the importance of cheaper imports, as the purchases have moved to stabilize domestic pricing of primary metals.