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Jinchuan Group's Profits Halve in 2009
SHANGHAI, Jan. 5 -- Jinchuan Group Ltd., China's largest nickel producer, saw its profits plummet by 50 percent year-on-year to around RMB 2.1 billion ($307.57 million) in 2009, due to sluggish domestic metal product prices caused by the global economic downturn in the first half of last year, the company announced on Jan. 1.
Jinchuan Group's Profits Halve in 2009
SHANGHAI, Jan. 5 -- Jinchuan Group Ltd., China's largest nickel producer, saw its profits plummet by 50 percent year-on-year to around RMB 2.1 billion ($307.57 million) in 2009, due to sluggish domestic metal product prices caused by the global economic downturn in the first half of last year, the company announced on Jan. 1.
