TC and RC agreed by Freeport-McMoRan and Chinese smelters create new high
It's learnt that Freeport-McMoRan already signed the supply contract for copper concentrate in 2023 with TC and RC up by 35% from the basement level of USD65/t and USD0.65/lb in 2022 to USD88/t and USD0.88/lb respectively, both creating a new high since 2017 owing to the expected oversupply.
