The copper miner received some positive news in the month and inked an interesting collaboration with Caterpillar.
Miner Freeport-McMoRan reached agreement on Friday with Chinese smelter Jiangxi Copper for 2024 copper concentrate treatment and refining charges at $80 a metric ton and 8 cents per pound, a source said.
Global miners on Friday reached agreements with Chinese smelters for a lower copper concentrate treatment and refining charges (TC/RCs) for 2024, the first drop in three years, sources familiar with the matter said. Miner Antofagasta agreed with Chinese smelters, including China's biggest smelters, for January-December 2024 treatment and refining charges (TC/RCs) at $80 a metric ton and 8 cents per pound, four sources said. Freeport-McMoRan also reached a deal with top Chinese smelter Jiangxi Copper at the same level for full calendar year in 2024, said Javier Targhetta, senior vice president for marketing and sales at Freeport.