[Special Stock] Copper-Related Stock Igusanup Increases 23% Amid Raw Material Crisis
![[Special Stock] Copper-Related Stock Igusanup Increases 23% Amid Raw Material Crisis](http://www.asiae.co.kr/news/img_view.htm?img=2022021414252743422_1644816328.jpeg)
[Asia Economy Reporter Kwon Jae-hee] Amid the global raw material crisis, Igu Industry is showing strength as it is recognized as a copper-related stock.
As of 2:19 PM on the 14th, Igu Industry is trading at 4,810 KRW, up 23.19% compared to the previous trading day.
Igu Industry is a manufacturer specializing in non-ferrous metals such as copper, accounting for more than 20% of domestic demand. Its annual production capacity reaches 60,000 tons.
According to major foreign media on the day, the copper inventory at major commodity exchanges worldwide is slightly over 400,000 tons, which is the amount the world can use within a week.
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Following this news, buying interest is pouring into Igu Industry, a manufacturer of copper processed products. Igu Industry's business structure allows sales prices to rise along with copper prices, increasing both sales and operating profits.
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