- China’s “zero tolerance” warning to commodity speculators over the weekend sent prices of some metals and iron ore tumbling.
- Bloomberg reported the government had also threatened severe punishment for violators indulging in excessive speculation and fake news in the trading of commodities including iron ore, steel and copper.
- The government’s warning did have a dampening effect on metal prices on the Chinese commodities exchange. For example, steel dropped as much as 6%.
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Beijing's Warning To Speculators Sends Metals Prices Falling