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Jiangxi Copper, Freeport Agree to 12.4 Percent Rise in 2012 TC/RCs
Nov. 21, 2011 10:34AM PST
Base Metals Investing 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.
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.
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