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Home / Metal News / Western Mining Sees Profit Rise in First Three Quarters

Western Mining Sees Profit Rise in First Three Quarters

Oct 12, 2017 17:25

Source:SMM

Western Mining expects its net profit to rise 170% year-on-year in the first three quarters of 2017.

SHANGHAI, Oct. 12 (SMM) – Western Mining expects its net profit to rise 170% year-on-year in the first three quarters of 2017.

Yunnan Tin Sees Net Profit Surging in Q3

Prices and sales of major products, including lead, zinc and copper increased year-on-year during this period.

Guangsheng Nonferrous Metals to Return to Profitability in First Three Quarters on Higher Rare Earth Price

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Western Mining

lead

zinc

copper

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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Total zinc ingots inventories across seven major markets in China stood at 284,100 mt as of April 15, up 6,100 mt from April 8, down 3,700 mt from April 11.

Apr 15, 2022 17:49

Analysis

SMM China Zinc Inventory across Major Market Rose 6,100 mt on Week

Copper Scrap Traders were Eager to Ship

Shandong bare bright copper was quoted at 66,400-66,600 yuan/mt. The average price dropped 150 yuan/mt from the previous trading day.

Mar 31, 2022 14:54

SMM Comments

China's Copper Scrap Imports Increased in the First Two Months of 2022 YoY amid Tight Supply

According to the data released by the General Administration of Customs, P. R. China, China's imports of copper scrap in January and February were 162,900 mt and 109,800 mt respectively, both higher than the same period last year.

Mar 23, 2022 16:41

SMM Comments

China's Copper Scrap Imports Increased in the First Two Months of 2022 YoY amid Tight Supply

Premiums of #1 Copper Cathode were 60-140 yuan/mt in Henan

Premiums of #1 copper cathode were 60-140 yuan/mt in Henan, the average price dropped 65 yuan/mt from the previous trading day.

Mar 23, 2022 15:46

SMM Comments

Premiums of #1 Copper Cathode were 60-140 yuan/mt in Henan

SMM Morning Comments (Feb 11): Base Metals Mostly Closed with Gains amid Higher Inflation

Shanghai base metals mostly closed with gains on Thursday night. LME metals performed similarly on Thursday.

Feb 11, 2022 10:12

SMM Comments

SMM Morning Comments (Feb 11): Base Metals Mostly Closed with Gains amid Higher Inflation

SMM Morning Comments (Jan 4): Base Metals to Trend Lower as US Dollar Index Rebounds

Shanghai base metals mostly trended lower on Tuesday morning after US dollar rallied significantly. Meanwhile, their counterparts on LME performed similarly.

Jan 4, 2022 10:00

SMM Comments

SMM Morning Comments (Jan 4): Base Metals to Trend Lower as US Dollar Index Rebounds

SMM Evening Comments (Dec 31): Shanghai Nonferrous Metals Mostly Closed with Gains amid Encouraging China PMI for December

Shanghai nonferrous metals mostly closed in the positive territory as the market was cheered up by the macro front, as China released its December official manufacturing and non-manufacturing PMI readings, which topped market expectation.

Dec 31, 2021 19:00

SMM Comments

SMM Evening Comments (Dec 31): Shanghai Nonferrous Metals Mostly Closed with Gains amid Encouraging China PMI for December

SMM: Zinc Prices Are Unlikely to Drop amid High Electricity Prices in the Eurozone

SHFE and LME zinc prices once again hit new highs in two months, mainly owing to the continuously rising electricity and natural gas prices which rose by more than 20% amid intensifying energy shortages in the eurozone, according to SMM. Meanwhile, the costs of smelters also climbed due to low zinc concentrate TCs as a result of tight supply.

Dec 23, 2021 15:41

SMM Insight

SMM: Zinc Prices Are Unlikely to Drop amid High Electricity Prices in the Eurozone

SMM Evening Comments (Dec 1): Shanghai Nonferrous Metals Closed Mixed amid Hawkish Rhetoric from US Fed and Positive China PMI

Shanghai nonferrous metals closed with mixed performance as the hawkish rhetoric from US Federal Reserve Chair Powell supressed the market, while the November Caixin PMI in China was relatively positive than before.

Dec 1, 2021 19:00

SMM Insight

SMM Evening Comments (Dec 1): Shanghai Nonferrous Metals Closed Mixed amid Hawkish Rhetoric from US Fed and Positive China PMI

SMM Outlook: Lead Prices Rebound in a V-Shape in November

Lead prices have fluctuated greatly since Q3. After continuously experiencing sharp decrease in August and September, lead prices have just ushered in a turnaround in October, but trended lower in November. As of November 30, the most-traded SHFE lead contract closed at 15,340 yuan/mt, down 2.17%.

Dec 1, 2021 18:11

SMM Comments SMM Insight

SMM Outlook: Lead Prices Rebound in a V-Shape in November

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Western Mining Sees Profit Rise in First Three Quarters

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