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Home / Metal News / Zhongjin Lingnan Profit Seen Rising 10-Fold in First Quarter on Higher Metal Prices

Zhongjin Lingnan Profit Seen Rising 10-Fold in First Quarter on Higher Metal Prices

Jun 13, 2017 11:00

Source:SMM

Shenzhen Zhongjin Lingnan Nonfemet Co. expects its profit to increase 1,048.15%-1,277.78% to 500-600 million yuan in the first half of the year.

SHANGHAI, Jun. 13 (SMM) – Shenzhen Zhongjin Lingnan Nonfemet Co. expects its profit to increase 1,048.15%-1,277.78% to 500-600 million yuan in the first half of the year, compared to 43.548 million yuan during the same period of last year, according to the company’s report.

Prices for lead and zinc, major business of the company, rose in first half of 2017. Besides, it enhanced management and strictly control operation cost.

JP Morgan: Copper Prices to Weaken to $5,000 by Year-End as Ore Supplies Grow

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Zhongjin Lingnan Nonfemet Co.

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