Jiangxi Copper, Antofagasta agree lower treatment charges for 2019
LONDON, Nov 15 (Reuters) - Chinese copper smelter Jiangxi Copper and miner Antofagasta (Other OTC: ANFGF - news) have agreed 2019 copper treatment and refining charges (TC/RCs) at $80.80 a tonne and 8.08 cents a pound, three sources familiar with the matter said. The charges agreed between Jiangxi and Antofagasta are down from the 2018 benchmark of $82.25 a tonne and 8.225 cents a pound. No one at Jiangxi Copper (HKSE: 0358-OL.HK - news) or Antofagasta was immediately available to comment. TC/RCs typically fall when concentrate supply declines or smelting capacity rises, with the level agreed playing a large role in the profitability of both sides.
Story Sourcesuk.finance.yahoo.com uk.finance.yahoo.com finance.yahoo.com finance.yahoo.com in.reuters.com uk.reuters.com reuters.com kitco.com lse.co.uk lse.co.uk