PPC Agrees to Improve Copper Custom Ore Terms by 31%

Pan Pacific Copper (PPC), the biggest copper producer in Japan, and Freeport-McMoRan Copper & Gold(FCX), the big resource development company in the United States, agreed in the sum of 92 dollers per ton for TC and 9.2 cents per pound for RC about price negotiation of copper concentrates price for 2014-2015 shipments. It is background that supply and demand of mineral ore is getting loose. And, it improved by 31-32% for smelters compared with 2013-2014 shipments.