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SMM Semi-Annual Review of China Copper Rod Market _SMM | Shanghai Non ferrous Metals

As June is counting down, the first half of 2022 is also coming to an end. Since March, China was hit by the extensive COVID outbreak, during which time Shanghai was locked down for two months, resulting in a historical low in the copper processing industry with east China market hit the most. Now let us review the performance of the copper rod industry in the first half of the year. ....

Chinese New Year , Qingming Festival , Comprehensive Utilisation , General Administration ,

China to Increase the Use Ratio of Green Power and Build a Circular Economy_SMM

The iron and steel industry will achieve a peak in carbon emissions by 2025, and the industry will reduce its carbon emissions by 30% from the peak by 2030. The carbon emissions are expected to be reduced by 420 million mt. ....

Huang Libin , Information Technology , Department Of Energy Conservation , Ministry Of Industry , Energy Conservation , Comprehensive Utilisation ,

China Metal Resources Utilization (1636.HK) Announces 2020 Audited Annual Results

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The Coronavirus Disease 2019 (COVID-19) pneumonia epidemic has caused a major impact on the world economy in 2020, creating one of the biggest challenges after the Great Depression. The decline in industrial production across China has led to a significant reduction in the demand for basic raw materials, especially metal materials. During the year, the Company s revenue amounted to approximately RMB16.7 billion (FY2019: approximately RMB24.0 billion), representing a decrease of 30.5% compared to last year. The decrease in sales volume was principally from the decrease in trading of electrolytic copper, which was mainly due to the suspension of operation as a result of COVID-19. The Company s gross profit for the year was approximately RMB62.6 million (FY2019: gross loss of approximately RMB257.9 million). Loss for the year was approximately RMB387.2 million (FY2019: approximately RMB217.3million), representing an increase of 78.2%. The increase in loss is mainly attributab ....

Yu Jianqiu , Company Stock Code , International Monetary Fund , China Metal Resources Utilization Limited , Revenue Drops , Stock Code , Coronavirus Disease , Comprehensive Utilisation , Resources Policy , Five Year Plan , நிறுவனம் ஸ்டாக் குறியீடு , சர்வதேச பண நிதி , சீனா உலோகம் வளங்கள் பயன்பாடு வரையறுக்கப்பட்டவை , வருவாய் சொட்டுகள் , ஸ்டாக் குறியீடு , வளங்கள் பாலிஸீ , ஐந்து ஆண்டு திட்டம் ,