| Japan's Pan Pacific, Freeport agree 2016 TC/RCs at $97.35/T, 9.735 cents/lb | |
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TOKYO, Feb 1 (Reuters) - Pan Pacific Copper (PPC), Japan's biggest copper smelter, and Freeport have set 2016 treatment and refining charges 9 percent lower than last year's fees, as global mines cut output due to slumping prices. PPC and Freemont have agreed treatment and refining charges (TC/RCs) for this year at $97.35 a tonne and 9.735 cents a pound, a PPC spokesman said on Monday. The outcome is in line with an agreement by China's top integrated copper producer, Jiangxi Copper , and Chilean miner Antofagasta Minerals over 2016 TC/RCs. TC/RCs are paid by miners to smelters to refine concentrate into metal and are a key part of the global copper industry's earnings. (Reporting by Yuka Obayashi; Editing by Dale Hudson)
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VanEck Vectors Global Alternative Energy ETF
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CODE : FCX |
ISIN : US35671D8570 |
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Freeport McMoran is a copper and gold producing company based in United states of america. Freeport McMoran produces copper, gold, cobalt, molybdenum and silver in Chile, in Congo Dem. Rep. of, in Indonesia and in Peru, develops copper in Peru, and holds various exploration projects in Chile. Its main assets in production are CANDELARIA, EL ABRA, CHINO - MILL, HENDERSON, MIAMI - ROM LEACH, MORENCI - MILL, OJOS DEL SALADO, MORENCI and MORENCI - ROM LEACH in Chile, GRASBERG, SIERRITA and BAGDAD in Indonesia, TENKE FUNGURUME and TYRONE in Congo Dem. Rep. of and CERRO VERDE in Peru, its main asset in development is SAFFORD in Peru and its main exploration properties are BAGDAD - ROM LEACH and CHINO - ROM LEACH in Peru and CERRO VERDE - MILL, CERRO VERDE - CRUSHED LEACH, CERRO VERDE - ROM LEACH, EL ABRA - ROM LEACH and CLIMAX in Chile. Freeport McMoran is listed in Germany and in United States of America. Its market capitalisation is 2.4 billions as of today (€ 2.1 billions). Its stock quote reached its lowest recent point on March 06, 2020 at 10.00, and its highest recent level on October 10, 2024 at 49.54. Freeport McMoran has 47 442 200 shares outstanding. |