China's Jiangxi Copper, Chile's Antofagasta agree 2016 TC/RCs at $97.35/T, 9.735 cents/lb -Jiangxi source
HONG KONG Dec 15 (Reuters) - China's top integrated copper producer Jiangxi Copper and Chile's copper miner Antofagasta Minerals have agreed TC/RC charges at $97.35 a tonne and 9.735 cents a pound for 2016, a source at Jiangxi Copper said on Tuesday.
The treatment and refining charges (TC/RC) are for term copper concentrate shipments next year, and are 9 percent lower than TC/RCs of $107 a tonne and 10.7 cents a pound in 2015.
TC/RCs are paid to Chinese smelters by sellers to convert raw material copper concentrate imports into refined metal and are deducted from the smelters' purchase prices.
(Reporting by Polly Yam; Editing by Tom Hogue)
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