Jiangxi Copper, China's largest copper smelter, warns copper faces more downside price pressure as it posted 52% YoY fall in interim profit due to lower prices of the metal.
Company said that with a new round of release of copper mining capacity globally and China's economic restructuring and slowdown, the copper market faces a change in demand and supply relationship."
Amid expectation that the United States will cut or end its bond buying program and continued economic weakness in Europe and Japan, copper price would be further pressured
Company said that with a new round of release of copper mining capacity globally and China's economic restructuring and slowdown, the copper market faces a change in demand and supply relationship."
Amid expectation that the United States will cut or end its bond buying program and continued economic weakness in Europe and Japan, copper price would be further pressured
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