Flood in China to Affecte to Trend of Future International Rate
In China, world's largest tin and antimony production country, it was hit by the heavy rain in the end of this month, over large areas of 17 ministries, such as Hunan, Hupei, Henan, Kuanhsi, and Yunnan. For this reason, the railroad, the road, etc. are cut off by the flood and the transportation course of an ore seems to be intercepted. If restoration is prolonged, there is high possible that it affects to the trend of a future international rate. Although it is said that water was led by five places now, but in the state where the flood still continues by seven places. Disaster victims amounted to 2.67 million people according to this calamity in Honan, and two persons died. Economical loss is referred to as amounting to 1,100 million yuan.
According to major company metal wholesale store in China, "although the flood will have occurred if summer comes every year, it is heard in China that this flood gave big damage scale over several years. The international rate of antimony that China occupies the great portion of amount of supply in the world is also expected to expect future rebounding".
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