Jiangxi Copper Profit hit 13-Year Low on Falling Copper

SHANGHAI, Aug. 25 (SMM) - Jiangxi Copper Co.’s net profit fell 47.19% year-on-year to 470 million yuan in the first half of the year, its lowest since 2003, according to jiemian.com.

The firm, China’s largest copper concentrate producer with annual capacity of 200,000 mt, saw profit fall from 6.55 billion yuan in 2011 to 630 million last year as copper prices slid. 

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