Applications for Daily Commodities Driving the Market

摘要

Nippon Mining Holdings has forecast a consolidated net loss of yuan 57.0 bn(638.6 mn)for the 2008 full fiscal year,ending this March 31,primarily due to inventory valuation losses as a result of falling crude-oil prices,and profit declines in conjunction with lower copper prices and diminished sales.It has decided on a series of measures for group-wide implementation to respond to the sudden changes in the business environment,marked by events such as a sharp falloff in sales volumes;plummeting petroleum-product prices,reflecting the crude-oil market;and a plunge in copper prices.