{"id":4765,"date":"2023-11-19T05:49:23","date_gmt":"2023-11-19T03:49:23","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=4765"},"modified":"2023-11-19T05:49:23","modified_gmt":"2023-11-19T03:49:23","slug":"copper-smelting-to-become-cheaper","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=4765","title":{"rendered":"Copper smelting to become cheaper"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">Chile&#8217;s Antofagasta Plc and China&#8217;s Jinchuan Group copper smelter agreed on copper-concentrate supply contracts for 2024 that set processing fees 9% lower than the current year as the supply of mined ore declines and processing capacity expands.<\/p>\n<p>Smelter fees, known as treatment and refining charges, have been set at $80 per ton and 8 cents per pound.<\/p>\n<p>Compared to a six-year high of $88 per ton and 8.8 cents per pound for 2023, this is the first decline in fees in three years.<\/p>\n<p>The deal is important for the global copper industry because it could become a price determinant for millions of tons of copper ore supplies.<\/p>\n<p>The first agreement between major mining and smelting companies traditionally serves as a benchmark for the rest of the industry.<\/p>\n<p>Copper is mostly used in construction and industrial applications.<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chile&#8217;s Antofagasta Plc and China&#8217;s Jinchuan Group copper smelter agreed on copper-concentrate supply contracts for 2024 that set processing fees 9% lower than the current year as the supply of mined ore declines and processing capacity expands. Smelter fees, known as treatment and refining charges, have been set at $80 per ton and 8 cents [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-4765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4765"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/4766"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}