China Armco Metals, Inc. (NYSE:CNAM) announced its third quarter results, including a drop in metal ores trading sales of 74%.
China Armco Metals, Inc. (NYSE:CNAM) announced its third quarter results, including a drop in metal ores trading sales of 74%.
As quoted in the press release:
The decrease in the trading business sales was caused by a $3.9 million decrease in sales of iron ore and a $4.1 million decrease in sales of chromium ore, and the decrease was partially offset by a $0.37 million increase in sales of managese ore.
China Armco’s Chairman and CEO, Kexuan Yao, said:
We made significant progress in our metal recycling business this quarter. In response to the market rebound in the third quarter, we significantly expanded our metal recycling business activities and our production and sales increased by 232% and 134% in quantities (MTs), respectively, compared to same period of 2011.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1883.86 | +0.34 | |
Silver | 22.36 | +0.03 | |
Copper | 4.25 | -0.04 | |
Palladium | 2053.51 | +11.51 | |
Platinum | 964.03 | +3.69 | |
Oil | 110.61 | +2.35 | |
Heating Oil | 4.00 | -0.04 | |
Natural Gas | 7.98 | -0.80 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.