From Reuters via Nasdaq, July 29, 7:40AM EDT:
China will extend the bidding hours for zinc reserves sales that were affected by an earlier system breakdown, a customer service representative of the online auction platform said.
The world's top metals consumer released a total of 170,000 tonnes of non-ferrous metals from state reserves to fabricators on Thursday, the second reserves sales within a month.
However, the online bidding platform for 30,000 tonnes of copper and 50,000 tonnes of zinc, operated by China Minmetals Corp, had a temporary breakdown after auctions started at 9 a.m. Beijing time (0100 GMT), a customer service representative of the platform told Reuters.
The reason for the breakdown was unclear.
The copper auctions affected by the system crash were reopened at 3 p.m. (0700 GMT) and were completed "pretty fast", said the representative.....
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