DJ China Jiangxi Copper Settles 2010 Copper TC/RCs With Freeport-Shanghai Metals Market

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DJ China Jiangxi Copper Settles 2010 Copper TC/RCs With Freeport

SMM Insight 03:52:52PM Jan 04, 2010 Source:SMM


SHANGHAI, Jan 04, 2010 (Dow Jones Commodities News via Comtex) -- China's Jiangxi Copper Co. (0358.HK) has settled 2010 copper treatment and refining charges with Freeport McMoRan Copper & Gold Inc. (FCX) at $46.50 a metric ton and 4.65 cents a pound, a person familiar with the matter said Monday.


"Jiangxi Copper has signed the agreement (for 2010) with Freeport, given ($46.5/ton) has become a benchmark in the industry," the person said.

Jiangxi Copper is China's largest copper smelter by output and aims to produce 900,000 tons of refined copper in 2010.
 

DJ China Jiangxi Copper Settles 2010 Copper TC/RCs With Freeport

SMM Insight 03:52:52PM Jan 04, 2010 Source:SMM


SHANGHAI, Jan 04, 2010 (Dow Jones Commodities News via Comtex) -- China's Jiangxi Copper Co. (0358.HK) has settled 2010 copper treatment and refining charges with Freeport McMoRan Copper & Gold Inc. (FCX) at $46.50 a metric ton and 4.65 cents a pound, a person familiar with the matter said Monday.


"Jiangxi Copper has signed the agreement (for 2010) with Freeport, given ($46.5/ton) has become a benchmark in the industry," the person said.

Jiangxi Copper is China's largest copper smelter by output and aims to produce 900,000 tons of refined copper in 2010.