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Directives from Beijing this year have crashed prices for iron ore and inflated those for aluminum. (Source photo by Reuters)
Market Spotlight

How China's energy crisis has sent commodity markets reeling

Environmental policy swerves make metal prices more volatile, unpredictable

RURIKA IMAHASHI, Nikkei staff writer | China

TOKYO -- China's curbs on carbon-intensive industries and the ensuing energy crisis have scrambled supply and demand calculations for some of the world's key commodities, sending prices on a wild ride that market players say may not yet be over.

Directives from Beijing this year have crashed prices for iron ore and inflated those for aluminum, among others, but disruption in the country's industrial heartland and concern about the property sector leave some predicting more policy swerves.

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