China’s MMG Posts Third Straight Loss Amid Shift to Copper

Updated on
  • Miner reports first-half loss of $93 million as sales halve
  • MMG hit by Australian zinc mine closure, lower metals prices

MMG Ltd., the miner owned by China’s top state-owned metals trader, posted a third straight half-yearly loss as revenue dropped 47 percent due to lower prices and the closure of a zinc mine in Australia. Its shares fell.

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