As of the close on Sept. 11 Beifang Copper shares hit the daily down limit,
closing at 14.74 yuan, down 10.01%. The company said the fall was partly linked
to weaker international copper prices. Beifang’s main product is cathode copper;
it owns small-scale mines but relies on externally purchased feedstock, mainly
from large traders under long-term supply contracts. The company said it is
interested in acquiring overseas mines but has no concrete targets and that
Current valuations are high.
