Jiangxi Copper, Freeport Agree to 12.4 Percent Rise in 2012 TC/RCs

Reuters reported that Jiangxi Copper Co. (OTC Pink:JIXAY) and Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) have come to an agreement to hike 12.4 percent in term treatment and refining charges (TC/RC) for 2012 concentrate shipments.

As quoted in the market news:

The 2012 TC/RCs have been set at $63.5 a tonne and 6.35 U.S. cents a pound, up from $56.5 and 5.65 cents for full year of 2011 for standard, clean concentrates.

Click here to read the full Reuters report.