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CHINFMINING (01258.HK) News & Disclosure
    UBS noted in a research report that it estimates the copper price to reduce 2% to US$3.35 a pound and rise 9% to US$2.9 in 2014. It expects the oversupply conditions remain the major challenge to the industry. However, after the collapse in copper mine in Bingham Canyon in May, the capacity will be impacted over the next six months, so there will be upside pressure on the copper price in short term. The research house lowered the 2013 forecast copper price and cut CHINFMINING (01258.HK)'s 2013 EPS forecast by 16%, but lifted 2014/15 EPS forecast by 12/6%. The target price is raised from $2.61 ...
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