Freeport agrees copper conc annual terms at $59.5/5.95 cents with China smelters

US mining company Freeport-McMoRan has agreed 2021 copper concentrate treatment and refining charges with Chinese smelter counterparts at $59.50 per tonne / 5.95 cents per lb, the lowest since 2011, two sources with direct knowledge of the matter told Fastmarkets.

Freeport first locked a deal with China Copper, making it the first time the Chinalco subsidiary has secured an annual contract on behalf of China's Copper...


Archie Hunter

December 14, 2020

11:10 GMT