Chinese commodity prices fall as authorities warn of ‘excessive speculation’
by Richard Partington from on (#5J6HA)
Authorities in China say they will take a zero tolerance' approach to monopoly behaviour and hoarding
China has signalled a crack down on excessive speculation" that is pushing up the price of raw materials including iron ore and copper, amid mounting concerns over rapid growth in inflation.
Against a backdrop of soaring raw material costs as several big economies relax Covid-19 restrictions, China's National Development and Reform Commission (NDRC) said it would show a zero tolerance" approach to monopoly behaviour and hoarding by commodities firms.
Related: Iron ore price slides as China warns of excessive speculation' - business live
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