SHANGHAI, Jun. 27 (SMM) – Some nonferrous metals go up constantly since the beginning of 2017. When the river rises, the boat floats high. Profits at relevant enterprises trace up.
Yunnan tin expects on June 25 that the company’s net profits to rise 50 times in the first half of 2017 from same period of last year, National Business Daily reports.
The company attributes tin price surge to the growth and predicts the price to stabilize at around 140,000 yuan per tonne in the rest of year.
According to Yunnan Tin’s semi-annual report, net income attributed to shareholders will increase to 340-190 million yuan in the first six months of 2017 from 6.21 million yuan in last year.
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