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Profit at Jiangxi Copper Down for Five Consecutive Quarters on Oversupply
Oct 29, 2015 10:09Source:SMM
Jiangxi Copper Corporation – China’s top copper producer, said its profit has been shrinking since Q3 2014 as oversupply took a hit on copper prices, wenhua.com reported.
SHANGHAI, Oct. 29 (SMM) – Jiangxi Copper Corporation – China’s top copper producer, said its profit has been shrinking since Q3 2014 as oversupply took a hit on copper prices, wenhua.com reported.
The company reported 332.75 million yuan ($52.39 million) in net profit in Q3 2015, down from 1.13 billion yuan it posted a year ago.
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Jiangxi Copper Corporation
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