Japanese smelter settles annual TC/RC with BHP
Dec 22, 2006 | 05:43 AM
| Sean Barry
Japanese smelter Pan Pacific Copper Co. (PPC) has settled its annual copper treatment and refining charge (TC/RC) contract with BHP Billiton at $60 per tonne/6 cents per pound with no price participation, according to trade sources.
If confirmed, the settlement is likely to act as a benchmark for other Japanese smelters, traders said.
PPC reportedly negotiated improved side deals, including an extension to payment terms. The contract is also believed to include a higher refining charge for the gold content of the material.....
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