16
Jul
05:09
Stronger copper prices boost Chinese miners' profitability
Higher copper prices are boosting earnings for Chinese miners CMOC Group and Chengtun Mining during the first half of the year, Kallanish learns.
CMOC expects its H1 net profit to surge 638-716% to approximately CNY 5.19-5.74 billion ($715-791 million). Meanwhile, Chengtun Mining estimates its net income to climb 546-668% in the period to around CNY 1.06-1.26 billion.
Copper price at the London Metals Exchange (LME) was at around $8,300/tonne, peaking in H1 duri…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous