Jiangxi Copper to up capital spend on demand boost

Jiangxi Copper Co, China's largest copper producer by output, Wednesday said it expects demand for the metal to recover in the second quarter this year, following a challenging first quarter.

Jiangxi Copper predicts 2% growth in demand

Banking on increased demand from the government stimulus package, Jiangxi Copper, China's second-largest smelter, predicted that consumption for refined copper products will grow by 2 percent this year.

Jiangxi Copper gets higher smelting fees

Freeport-Mcmoran Copper & Gold Inc, the world's second-largest copper producer, verbally agreed to pay higher processing fees to Jiangxi Copper Co, the first increase in three years, two company executives said.

Jiangxi Copper to inject capital to subsidiary

Jiangxi Copper Corporation, China's second-biggest copper producer, plans to inject 268 million yuan (US$39.12 million) of capital into a subsidiary to almost double its production capacity of electrolytic copper foil.

Jiangxi Copper may lose money in futures trading

Jiangxi Copper Co., China's second-biggest smelter by last year output, may lose between 452 million yuan (US$66 million) and 904 million yuan from futures trading this year, Morgan Stanley analyst Berry He said.