Japanese, Korean smelters likely to follow Freeport-Jiangxi copper TC/RCs benchmark; Chinese peers say ‘disappointing yet acceptable’

Japanese and Korean copper smelters are likely to follow the contract for 2020 treatment and refining charges (TC/RCs) settled by Jiangxi Copper and miner Freeport, with major Chinese smelters also likely to accept the number.

“The benchmark number is the benchmark number. We should respect it,” a source at one of the biggest Asian smelters said.

Freeport agreed an annual TC/RCs deal for 2020 with...


Julian Luk

November 22, 2019

12:45 GMT