China's top copper smelters appoint new leader - sources

Jinchuan International Resources

04/01/2022 06:45

BEIJING, Jan 4 (Reuters) - The China Smelters Purchase Team
(CSPT), a group of the top copper smelters, has appointed Yang
Xiangbin from Jinchuan Group International Resources  2362.HK 
as its leader for 2022, according to three sources with
knowledge of the matter.
    The CSPT's appointment of Yang will last for a year, said
the sources. He is taking over the post from China Copper's Feng
Mingrui who was the group's leader last year.  urn:newsml:reuters.com:*:nL1N2J407I
    Yang is currently the deputy general manager at the sales
and marketing department of Jinchuan Group. 
    The sources declined to be identified as they were not
authorised to speak with the media. 
    The CSPT last month set the 2022 first-quarter floor
treatment and refining charges for copper concentrate at $70 per
tonne and 7 cents per pound, maintaining the same levels from Q4
last year.  urn:newsml:reuters.com:*:nL1N2TE04M
    Miners pay treatment and refining charges to smelters to
process copper concentrate into refined metal, offsetting the
cost of the ore. The charges fall when supply tightens and rise
when more concentrate is available.
    

 (Reporting by Emily Chow and Shivani Singh; Editing by
Christian Schmollinger)
 ((emily.chow@thomsonreuters.com; +862120830020; Reuters
Messaging: emily.chow.thomsonreuters.com@reuters.net))