Jiangxi Copper Sees Profits Fall 60%-80% in 2015

SHANGHAI, Feb. 2 (SMM) – Jiangxi Copper’s profits are expected to fall 60%-80% YoY in 2015, down from 2.9 billion yuan profits in 2014, p5w.net reports.

The expected profit decline is due mainly to continuously falling commodity prices in 2015, the company said. Its selling prices of copper and gold dropped precipitously, in turn reducing gross margin. 

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