Pan Pacific to Offer 15% Cut in Copper Premium for China
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Pan Pacific Copper Co., Japan’s largest producer, offered a 15 percent cut in next year’s premium for refined metal supplied to clients in China and Taiwan, said two executives with knowledge of the pricing.
The Tokyo-based company is proposing to reduce the fee to $85 a metric ton over the price of metal for immediate delivery on the London Metal Exchange, said the executives, who asked not to be identified because the information isn’t public.