China’s main stock market index rose for a fifth day Friday, gaining 7.2 percent for the week as increased commodity prices pushed up metals stocks. Jiangxi Copper Ltd., China’s second-largest metal producer, surged the daily maximum of 10 percent, Jiangxi Copper to 22.33 yuan. For full story, click here
Jiangxi Copper was up 3.6 percent at HK$7.30 as global copper prices soared on hopes of an early economic recovery in China. For full story, click here
Jiangxi Copper reported that refined copper consumption in China, the world’s major consumer, will soar up in 2009 but growth will slip from 2008. Li Yihuang, president of the group company of Jiangxi Copper, said: I feel this year’s copper consumption growth should very closely track the country’s gross domestic product growth. For full story, [...]
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