Copper Rises on LME, Jiangxi Copper Says Earnings Will Drop

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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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