Jiangxi Copper and Antofagasta agree 2016 TC/RCs at $97.35/9.735 cents

China’s largest copper smelter, Jiangxi Copper, and Chilean copper miner Antofagasta have agreed on 2016 treatment and refining charges (TC/RCs) of $97.35 per tonne and 9.735 cents per lb following prolonged negotiations, two sources familiar with the matter told Metal Bulletin.

The processing fees this year are 9% lower than the $107 per tonne and 10.7 cents per lb level agreed between Jiangxi Copper and Freeport McMoRan in 2015. TC/RC charges between Freeport and Jiangxi Copper for 2016 still haven’t been settled. But given Antofagasta won...

Published

Kiki Kang

December 15, 2015

06:45 GMT

Shanghai