China Copper Smelters See Decade-High Profits Despite Challenges
A worker at a copper production facility in Jinhua, China.
Photographer: Qilai Shen/BloombergChina’s major copper smelters delivered strong first-half earnings, amid a global squeeze on feedstock supply that has battered overseas rivals.
Jiangxi Copper Co., the country’s largest refined copper producer, saw net income jump to about 4.17 billion yuan ($585 million) in its strongest result since 2011. Yunnan Copper Co. reported record high earnings of 1.32 billion yuan.