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Russia is concerned with sudden metals price surge as it looks into price control measures

From kitco.com

Russia is looking at the sudden metals price surge after receiving a number of complaints from consumers. The country is now mulling over potential solutions, including regulating domestic prices. The country's Ministry of Industry and Trade is looking into the possibility of including a number of steel products on the list of goods that are deemed essential for the domestic market. This would give the government the power to one day limit exports to control prices. "At the moment, there are no plans to introduce restrictions, but in this way, we could create a mechanism that the government can use if ... (full story)

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  • Category: Fundamental Analysis