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DJ China Jiangxi Copper Settles 2010 Copper TC/RCs With Freeport
Jan 4,2010 15:52CST
smm insight
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.
 

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Freeport-McMoRan Copper & Gold Inc.
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