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Home / Metal News / China MMG Signs Hedging Agreement for Copper Resources to Lock Profit

China MMG Signs Hedging Agreement for Copper Resources to Lock Profit

Jan 10, 2017 17:41

Source:SMM

MMG said it signed derivative instruments agreement for copper resources, zhitongcaijing.com reported.

SHANGHAI, Jan. 10 (SMM) - MMG said it signed derivative instruments agreement for copper resources, zhitongcaijing.com reported.

The agreement was signed at $2.60 per pound for 112,000 tonnes of copper sold under Sepon and Kinsevere selling contracts in Q4 2016 and the resources sold under its stake in Las Bambas during August-December 2016.

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