China Copper Smelters, BHP Set 2012 TC/RCs at $60/6 Cents-Shanghai Metals Market

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China Copper Smelters, BHP Set 2012 TC/RCs at $60/6 Cents

Industry News 05:15:17PM Jan 04, 2012 Source:SMM

HONG KONG Jan 4 (Reuters) - China's large copper smelters and global miner BHP Billiton have settled 2012 term copper concentrate treatment and refining charges at $60 a tonne and 6 U.S. cents a pound, smelter sources said on Wednesday.

The TC/RCs are lower than $63.5 and 6.35 cents agreed by Freeport McMoRan Copper and Gold for 2012 with major Chinese smelter Jiangxi Copper and Japanese smelter Pan Pacific Copper.

TC/RCs are paid by miners to smelters for converting concentrate into refined metal.

 

Key Words:   BHP Billiton; TC/RCs  

China Copper Smelters, BHP Set 2012 TC/RCs at $60/6 Cents

Industry News 05:15:17PM Jan 04, 2012 Source:SMM

HONG KONG Jan 4 (Reuters) - China's large copper smelters and global miner BHP Billiton have settled 2012 term copper concentrate treatment and refining charges at $60 a tonne and 6 U.S. cents a pound, smelter sources said on Wednesday.

The TC/RCs are lower than $63.5 and 6.35 cents agreed by Freeport McMoRan Copper and Gold for 2012 with major Chinese smelter Jiangxi Copper and Japanese smelter Pan Pacific Copper.

TC/RCs are paid by miners to smelters for converting concentrate into refined metal.

 

Key Words:   BHP Billiton; TC/RCs