China accesses state reserves to curb rising commodity prices

Commodities are at their highest level in a decade, with copper and coal breaking records last month, as demand outstrips supply and global recovery gathers momentum.

RIO DE JANEIRO, BRAZIL - China has decided to tap into its massive state-owned and secret reserves amid a campaign to curb rising commodity prices.

The country plans to expand pork stocks to strengthen control over the market, while officials are calling for faster construction of coal reserve infrastructure and considering setting a price cap due to soaring energy prices.

The latest measure targets basic metals: China plans to offer copper, aluminum, and zinc directly to end users to cool the rally, according to people familiar with the matter who declined to be identified.

Commodities are at their highest level . . .

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