China opens doors metal trade

- China opens its market with metal trade for foreign investors. The government announced this on Friday.

Trading through the Dalian stock exchange is the next step in increasing China's market impact. The largest commodity traders Glencore and Trafigura are expected to make immediate use of the opportunity.

With the opening of the large Dalian stock exchange, Beijing defies the dominance of the largest Asian metal exchange, the Singapore Stock Exchange, which determines the prices of large-scale deliveries such as steel, copper and iron ore. China is the largest user and producer of iron ore.

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