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China's CMOC Group's net profit surged by 68% in the first three quarters to 24 billion yuan, driven primarily by rising copper prices and increased production.
CMOC Group Ltd. announced a 68% year-on-year increase in net profit for the first nine months of this year, reaching 24 billion yuan (approximately $3.6 billion). This growth was primarily driven by copper prices nearing historical highs and an increase in the company's production. The company's net profit for the third quarter was 7.87 billion yuan, a 40% year-on-year increase.
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