Caixin
Jan 06, 2022 07:59 PM
BUSINESS

Minmetals Expects Strong Profits From Boom Year for Metals

What’s new: China Minmetals Corp. estimated that its net profit grew 10% on what it forecast to be record-breaking revenue in 2021, a banner year for the prices of industrial metals like copper and aluminum.

In a Wednesday notice (link in Chinese), China Minmetals estimated its 2021 operating revenue jumped 20%, but did not give a specific totals for profit or revenue. The company did note that last year marked the first time its operating revenue exceeded 800 billion yuan ($125.5 billion).

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription