The actual control of the copper industry in Yunnan, China, copper fell 9.8% today.

NetEase Finance November 15 News last night, the domestic three major copper industry, one of Yunnan copper industry issued a notice said, November 11, the Yunnan province Sasac has signed with Chinalco, "about Yunnan Copper (Group) Co., Ltd., the transfer of shares of the agreement", Chinalco through this free zoned clouds Copper group 2% of the Stake,　　The shareholding ratio of cloud Copper group will reach 51%, form the absolute control to the Copper group, and become the actual control person of Yunnan copper industry.　　Currently, Chinalco holds 49% per cent of the group, and the group holds a 54.3% per cent stake in the Yunnan copper industry. Yunnan copper industry is China's non-ferrous metal smelting and processing of large enterprises, the main products are high-purity copper cathode, electrical copper billet, industrial sulfuric acid, bullion and bullion, etc., the company also recovered lead, zinc and bismuth, selenium, platinum, palladium and other non-ferrous metals and rare metals.　　In the first three quarters of this year, the company achieved net profit of 218 million yuan, Rose 114.14% year-on-year, the basic earnings per share of 0.174 yuan, up 114.02%. Chalco is mainly engaged in alumina, electrolytic aluminum, aluminum processing-oriented aluminum industry, copper-dominated copper industry, titanium-oriented rare metal industry, as well as engineering design, general contracting and other related technical services.　　At present, Chinalco has made substantial progress in the development of international and domestic copper resources. It is worth mentioning that Yunnan Copper yesterday evening also announced that, since the second half of the copper and other non-ferrous metals prices continued to rise, the company's capital turnover accelerated, the need for the flow of capital shortfall, to the August 26, 2010, "Yunnan Copper Co., Ltd. non-public issues of the plan" of the specific arrangements and fund-raising scale adjustment-　　-The abolition of the original fund-raising investment project fourth "supplementary liquidity 1 billion yuan", the total amount of funds collected reduced to "no more than 4.58 billion yuan." Yunnan copper Industry continued on the Friday decline, today a sharp low open 5.78%, after opening volume fell, the plate fell. Closed the closing price of 26.66 yuan, a decrease of 9.81%, deal 1.38 billion yuan. Chinalco also fell 1.65% per cent.