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Copper Stocks Up On Better Weather & Global Storage Shortfall
000878.SZ, 600362.SH, Jiangxi Copper, LME, Yunnan Copper, the London Metal Exchange
Posted by: Li Jun on Feb 20, 2008 | 08:02
Editorial Summary
Shares of Jiangxi Copper (600362.SH) surged by the daily limit of 10 percent to close at RMB48.69 in Shanghai on Wednesday, according to a company filing with the Shanghai Stock Exchange. The producer's metal and copper processing businesses are back to pre-snowstorm levels, while smelting work is running at under 85 percent of normal capacity due to poor road conditions, said the filing.
Shares of Yunnan Copper (000878.SZ) increased 3.35 percent to close at RMB51.5 in Shanghai on Wednesday after copper futures continued their upward trend on the London Metal Exchange (LME) on Wednesday, rising 2.8 percent to US$8.2 per ton.
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