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Chinese Copper Smelters Lower Expectations on Flat BHP Offer
Dec. 04, 2012 11:41AM PST
Base Metals Investing Reuters reported that Chinese copper smelters are lowering expectations for 2013 term and refining charges after receiving a disappointing offer from BHP Billiton
Reuters reported that Chinese copper smelters are lowering expectations for 2013 term and refining charges after receiving a disappointing offer from BHP Billiton.
As quoted in the market report:
The smelters have yet to strike deals on 2013 treatment and refining charges (TC/RC) after meetings with global miner BHP Billiton , the majority owner of Escondida in Chile, and Freeport-McMoRan Copper & Gold in China and London in recent weeks.
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