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Guoco capital according to media reports the old republic power leveling, Jiangxi copper (00358) and one of the world's largest supplier of copper Freeport-McMoran agreement on 2012 smelting of copper ore processing fees, new year's rough copper concentrate smelting/refining charges will be set at $ 63.5/6.35 cents per pound per tonne in 2011, representing a rise of 12%.Increased processing fees on behalf of Jiangxi copper in copper smelting in 2012 to Freeport procurement of copper concentrate at a lower cost. Although the agreements amount to 100,000 tons (to the Bank is estimated to be about Jiangxi copper 2012 procurement of copper concentrate 14%), other major, however, believe that this message will make Jiangxi copper copper miner seeking price increases for capacity enhancement. 2011 Jiangxi copper smelting business due toEffect of metallurgical processing fees low star wars the old republic power leveling, by-product can only rely on prices to achieve break-even, processing fees raised on Jiangxi copper smelting operations have a positive effect. Mainland copper prices since November performance international copper prices firm, Shanghai copper futures down 1%, while the LME Copper futures down 4%. The other hand, refined copper imports of the Mainland in October on the annual and monthly, respectively by 74% and 7%, Was the highest since May 2010. Believe that these messages are displayed the Mainland copper demand better than market expectations, while Chinese buyers also took effect when copper prices at the present low start up. Therefore continues to believe that because of the very low level of copper stocks, China gradually relaxed monetary easing is expected to stimulate dealers and users in the lower copper prices low inventories, which willOn the price of copper has a positive role in promoting. ����Maintaining buy ratings, 6 month target prices does not become $ 22.5, equivalent of 1.3 times times the price to book value ratio and 8.5 times times 2012 2012 year earnings. Gold-line statement: Gold-line reproduced above, does not indicate that confirm the description for investor use only and does not constitute investment advice. Investor actions accordingly, riskTAM.