China rejects copper TC/RCs of $40/4 cents

Nov 30, 2009 | 12:05 PM |

Chinese smelters have suspended annual talks on copper treatment and refining charges (TC/RCs) with overseas suppliers after being offered fees below production costs, sources said.

Representatives from China's biggest smelters, including Jiangxi Copper Co. Ltd. and Tongling Nonferrous Metals Group Holdings Co. Ltd., ended collective negotiations for TC/RCs in 2010 after....

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