|Bid||11.540 x 0|
|Ask||11.560 x 0|
|Day's Range||11.500 - 11.740|
|52 Week Range||11.060 - 14.540|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.17 (1.49%)|
|1y Target Est||14.34|
Feb 1 (Reuters) - Vdm Group Ltd: * SIGNS HEADS OF AGREEMENT WITH JIANGXI COPPER COMPANY REGARDING JIANGXI’S PARTICIPATION IN CACHOEIRAS DO BINGA COPPER PROJECT IN ANGOLA * NEW JV CO WILL BE INCORPORATED ...
As China tightens restrictions on imports of foreign waste, Chinese metal recyclers and even smelters like Jiangxi Copper Co are increasingly looking to use Southeast Asian countries as an alternative location for the processing of copper scrap. China relies on imports for around half of its scrap copper needs but told the World Trade Organization last year that it would stop accepting certain types of foreign solid waste, including metals, from 2018 if they did not meet stricter impurity thresholds. Shanghai copper futures were roiled last year by China's moves to ban imports of Category 7 scrap - such as coiled copper cable and waste motors - from 2019, with import quotas already starting to dry up.
Jiangxi Copper Co., China’s largest producer, is halting all output in the province after the local government ordered the curbs to reduce pollution, a company official said Tuesday.