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China launches probe into commodities amid surging prices

Inflation concerns spark joint effort as post-COVID demand outstrips supply

China will release copper, zinc and aluminum from its national strategic reserves for the first time in more than a decade amid rising commodity prices.   © Reuters

China's top economic planner and market regulator have launched a joint probe into supplies and prices of commodities as the country tries to stop rising prices and curb speculation.

The National Development and Reform Commission and the State Administration for Market Regulation recently dispatched teams to various provinces and cities to investigate spot and futures trading in commodities, according to a statement released by the NDRC on Wednesday.

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