Jiangxi copper and free port agreement 2015 copper processing fee of $107 a tonne

First Financial Daily reported on December 10th: in late December 9th 8, Jiangxi Copper Corp and the world's largest listed copper miner, American free port Mike ink roentgen copper gold company agree on the annual price of a long association, 2015 refined copper processing fees / refining costs (TC/RC) of US $107 / ton and 10.7 cents / pound, compared with last year's $92 / tons and 9.2 cents / pound rose 16%.
Reporter learned from authoritative sources confirmed, in late December 9th 8, Jiangxi Copper Corp and the world's largest listed copper miner, American free port Mike ink roentgen copper gold company (Freeport-McMoRanCopper&GoldInc.) agree on the annual price of a long association, 2015 refined copper processing fees / refined fee (TC/RC) of US $107 / ton and 10.7 cents / pound, compared with last year the US $92 / ton and 9.2 cents / pound rose 16%.
At the end of the year, in Jiangxi Copper led Chinese copper raw material the joint negotiating group (CSPT) will negotiate and representative copper mine enterprises, decided to copper processing fees long ADPL price. They held in London every year in October LME annual meeting started initial contact, the two sides intention temptation, CESCO Asia copper during the week and held in late November in Shanghai to reach an agreement, the reason why the delay so far, because both the price and the supply and demand situation for next year than in previous years more divided. CSPT includes seven Jiang Tong, Tongling, Daye, Jinchuan, Yunnan copper, silver copper processing enterprises, each year by Jiang Tong to and mine enterprise representatives to negotiate.
The spot market copper processing fees now hovering in the range of 115-120 dollars. The market generally predict that next year there will be oversupply of copper concentrate copper processing enterprises, so relatively have bargaining power.
China is the world's largest copper consumer market, in 2013 the apparent consumption of refined copper volume of nearly 8000000 tons.