Copper Rises on LME, Jiangxi Copper Says Earnings Will Drop

by MetalMiner IndX Reports on

Jiangxi Copper Co., China’s largest smelter of the metal, recorded an 8.6 percent drop in second-half profit and warned that first-quarter earnings will decline by more than half because of falling prices this year. Copper’s mini-rebound continued today on the LME. After a 0.9 percent increase, the 3-month price of copper finished the day at $6,559 per metric ton. At $6,559, the primary copper cash price finished the market day on the LME up 0.8 percent per metric ton.

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