Others News
- Yunnan Copper to cut output
Date: 28-Dec-2007 Sources: (Shenzhen Daily)
YUNNAN Copper Co. will cut its refined copper production by 30,000 tons because of maintenance.
The company, parent of Shenzhen-listed Yunnan Copper, started a 45-day overhaul of a major refining system in the middle of this month and is due to finish by early February, according to a company executive. Production cuts at major domestic copper smelters have been supporting copper prices. Spot premiums in the domestic copper market reached an 18-month high of 2,000 yuan a ton (US$270.27) last week and supported prices on the Shanghai futures market.
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