China copper smelters agree to possibility of more production cuts
Monday, December 21, 2015
Share:
Executives from nine major Chinese copper smelters have confirmed they are open to additional production cuts on top of a planned minimum of 350,000 tons,Reutersreported, citing an unnamed executive from a member of the China Smelters Purchase Team. "We all agreed that we won't conduct loss-making business...our production would depend on profit," the executive said, adding that some of the smelters in the group - mostly composed of state-owned enterprises - had previously resisted cuts because local governments were targeting higher economic growth rates. Now, he said, they were responding to pressure from the central government to tackle oversupply issues facing the metals industry.
http://www.chinaeconomicreview.com/china-copper-smelters-agree-possibility-more-production-cuts
Could IO be NEXT to be Cut ??
- Forums
- ASX - By Stock
- FMG
- Iron Ore Price
Iron Ore Price, page-3472
-
-
- There are more pages in this discussion • 16,586 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
|
|||||
Last
$22.00 |
Change
0.410(1.90%) |
Mkt cap ! $67.73B |
Open | High | Low | Value | Volume |
$21.93 | $22.09 | $21.58 | $138.1M | 6.316M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9247 | $21.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$22.00 | 3521 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 11765 | 21.970 |
2 | 5840 | 21.960 |
2 | 3604 | 21.950 |
3 | 12311 | 21.940 |
2 | 7071 | 21.930 |
Price($) | Vol. | No. |
---|---|---|
22.000 | 3521 | 3 |
22.010 | 280 | 1 |
22.020 | 1416 | 3 |
22.030 | 16800 | 3 |
22.040 | 13370 | 3 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |