|  | 17/05/2005 |
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Copper Treatment Charge Keeps US$ 200/T with Oversupply of Ore
International spot copper treatment charge, which represents purchase price of copper ore, keeps the high-level of US$ 200 per tonne under oversupply of copper ore when miners expand the output while smelters expand the capacity to at level less than expansion by miners. A Japanese smelter said it would have no yard to pile ore. Japanese smelters try to increase the output. However, the balance of copper supply and smelting capacity has uncertainty when lower grade copper impacts on consumption and major smelters shut down the capacity for expansion. Japanese interests have mixed view on the outlook between the shorter and longer adjustment phase.
Long-term copper ore purchase contract price between miners and smelters doubled to US$ 85 per tonne in 2005 from 2004. The spot price is much higher than that. The spot price surged in late March and the price was said to increase to as high as US$ 250 temporally. The spot price has reflected oversupply of ore for more than a month.
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 | Copper Treatment Charge Keeps US$ 200/T with Oversupply of Ore
| | Nippon Mining & Metals Cuts Official Price of Copper for Industrial Purpose by 10,000 yen
| | Hitachi Cable to Make Copper Wire in Shenyang
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