Nevertheless, Freeport-McMoRan and the three Chinese smelters Jiangxi Copper, Tongling Nonferrous Metals, and China Copper Corp agreed on treatment and refining charges of US$ 62/t and 6.2 cents/lb Cu for 2020 in separate agreements, as Reuters reported. The level is below the 2019 benchmark of US$ 80.8/t and 8.08 cents/lb Cu.
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