China exec lashes out over TC/RCs for 2007

Dec 20, 2006 | 08:55 AM | Zhu Hui

A Chinese copper industry executive has lashed out at smelters in South Korea and India for leaving China with little option other than to accept lower treatment and refining charges (TC/RCs) for 2007.

A top executive at the Copper Smelter Purchase Team (CSPT), the group of leading smelters that negotiates on behalf of the industry, confirmed to Chinese state media that TC/RCs had been settled with BHP Billiton at $60 per tonne/6 cents per....

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