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Pan Pacific, BHP agree 29% jump in copper TC/RC costs

Pan Pacific Copper Co, Japan’s top smelter, said on Friday it and BHP had agreed to a 29 percent rise in copper treatment and refining fees for ores to be delivered in July-December, reflecting higher fees on the spot market.

Pan Pacific, a unit of JX Holdings Inc , agreed to $90 a tonne for treatment fees and 9 cents a pound for refining for the six months, a company executive said.