By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices will be low in the near term as weak demand and piling inventories exert downward pressure, however, for the long term analysts are bullish. When the economic environment improves, investors will select profitable markets to invest in. The copper market considered by many to [...]
In order to fund their overseas acquisitions and maintain material supply Jiangxi Copper has indicated that they will issue up to 6.8 billion yuan ($995 million) of convertible warrants. Current A-share holders will be given first chance to buy up to 60 percent of the bonds. China’s top copper producer said its bonds would bear an [...]
Reuters UK reports that Jiangxi Copper and China Metallurgical will spend $4.4 billion to develop the Aynak Copper Mine in Afganistan. Jiangxi Copper will pay HK$2.57 billion ($329 million) for a 25 percent stake in the project with China Metallurgical owning 75 percent, it said in a statement late on Sunday. The Aynak deposit has [...]
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