The amount of tin sitting in
London Metal Exchange warehouses has more than doubled in
the space of a month. Metal has been arriving almost daily in response to a sharp
squeeze across.
Column: Global tin stocks at two-year highs after LME squeeze mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.
Beijing resident Hu Yongwei bought more than a dozen apartments in the small central Chinese city of Hebi for about $31,000 in all, betting they will be financially more rewarding than other investments. Hu, who mostly acquired two- or three-bedroom apartments built about three decades ago, spent 18,000 yuan ($2,528) this month in purchasing his 15th property in Hebi, where prices have plunged over the last two years. Real estate agents said low-cost apartments in smaller Chinese cities such as Huainan and Rushan in the east, and Gejiu in the southwest, are also being bought, largely by people living outside those locations.
Cheap 'like cabbage' apartments in some Chinese cities draw buyers, and caution By Reuters investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
Chinese buyers are snapping up low-cost apartments in smaller cities, such as Huainan, Rushan and Gejiu, where prices have fallen by as much as 27% from their peak in 2021.