UPDATE 1-China's Jiangxi Copper says Q3 net falls 46 pct

* Third quarter net falls 46 pct to 561 mln yuan* Revenue down 14.5 pct in Q3 (Adds details and company quotes) HONG KONG, Oct 21 (Reuters) - Jiangxi Copper (0358.HK), China's largest integrated copper producer, said on Wednesday its quarterly earnings fell 46 percent due to lower copper and sulphuric acid prices. Copper prices continued to rebound in the third quarter on strong China demand and has roughly doubled since the beginning of the year, but on average remain below levels of the same period last year. Jiangxi Copper (600362.SS) reported net profit for the July-Sept period of 560.94 million yuan ($82.18 million), down from an adjusted profit of 1.04 billion yuan a year ago, based on Chinese accounting standards. The company is set to benefit along with the recovery of copper prices, driven up by China's 4 trillion yuan infrastructure-focused stimulus programme. Shanghai copper prices rose to near six-week highs on Tuesday helped by a weak U.S. dollar. Shanghai's benchmark three month copper SCFc3 rose 18 percent in the third quarter. Analysts forecast Jiangxi Copper will post a yearly profit of 2.63 billion yuan -- up 15 percent -- according to a survey by Thomson Reuters I/B/E/S. That suggests the company may record higher profits in the fourth quarter. Panic selling amid the global financial crisis caused a global copper slump in the second half of last year that saw copper prices beaten down from record highs to three-year lows. The metal is used heavily in power and construction. Jiangxi Copper said its turnover fell 14.5 percent in the third quarter to 13.05 billion yuan. For earnings table please read [ID:nHKG213976] The firm aims to make 800,000 tonnes of copper in 2009. It said in September it planned to expand annual capacity of refined copper by more than 10 percent to 1 million tonnes by 2012. [ID:nSHA202169] Jiangxi Copper's share price has risen 37 percent in the third quarter and closed up 0.2 percent at HK$18.90 on Wednesday. ($1=6.825 Yuan) (Reporting by Alison Leung; Editing by Don Durfee and David Cowell) ? Thomson Reuters 2009 All rights reservedShare:Del.icio.usDiggMixxYahoo!FacebookLinkedIn Also On ReutersLand deal advisor resigns from CalpersSony looks for box office hit with "This Is It"Blog: Pakistan’s war withinMore Bascic Materials PRESS DIGEST - China - Oct 26 Australia's CSR to raise capital, shares halted Expat mining execs flee Guinea on security concern UPDATE 1-Oman's Raysut Cement Q3 profit rises 22.9 percent Oman's Raysut Cement Q3 profit rises 22.9 percent More Bascic Materials News...Ads by GoogleWhat's This? CCA & Al Alloy WiresThe One & Only Producers In India A Part of the Garg Inox Groupwww.gargwire.comEnergy and CommoditiesFree Energy, Commodities, Economics & Alternative Energy Informationwww.oilprice.comWant to Access Facebook? But you can't because it's blocked? Surf any foreign site. $12.95/monthwww.expressvpn.comFree Stock Charts100% Free Global Stock Charts Annotate, Save, Share or Monetizewww.zignals.comEditor's ChoiceSlideshow A selection of our best photos from the past 24 hours Slideshow Search ResultsResults for ""More results for ""... Most Popular on ReutersArticlesVideo1.Israeli police, Arabs clash near Jerusalem mosque | Video 2.Saudi female TV journalist gets 60 lashes 3.Pakistan forces bomb Taliban in South Waziristan 4.Baghdad bombs kill 132, government slams neighbors | Video 5.Senate Democrats close in on health reform votes 6.Michael Bloomberg now biggest U.S. political spender: report 7.Australia, Japan pitch rival ideas for new Asia bloc 8.Detroit house auction flops for urban wasteland 9.Asian leaders seek to reduce Western trade ties 10.Modern man a wimp says anthropologist Most Popular Articles RSS Feed Video Russians flock to see 'miracle' baby 15 dead in Egypt train crash. NASA rolls out new rocket Two Egyptian trains collide Sunken WW1 British submarine found Inmates at large after prison fire Police killed in Mexico. Pakistan retakes Taliban stronghold NASA's new rocket readied for launch Palestinians react to election call Most Popular Videos RSS Feed.