China’s refined copper exports double to record on surplus
Shipments more than doubled to 157,751 tons in June from May, well above the previous all-time high of 102,000 tons in 2012.
Sweden’s Boliden on Friday reported first-quarter core earnings slightly above analysts forecasts, and said production in the quarter had been stable both in its mines and its smelters.
Operating profit, excluding revaluation of process inventory, fell to 2.05 billion Swedish crowns from 2.72 billion a year earlier, beating the 1.99 billion seen by analysts in a Reuters poll.
“The period can be summarised as a combination of high production stability and investments in growth at a number of units,” Boliden CEO Mikael Staffas said in a statement.
“The year on year decrease in volumes caused by lower grades was counterbalanced by a strong U.S. dollar”.
(Reporting by Johannes Hellstrom, editing by Helena Soderpalm)
