S.Korea's LS Nikko signs 15-year deal with FQM to buy copper concentrate

LS

30/10/2019 01:30

SEOUL, Oct 30 (Reuters) - South Korea's LS Nikko Copper
signed a contract with Canada's First Quantum Minerals  FM.TO 
(FQM) to buy 120,000 tonnes per year of copper concentrate for
15 years starting in 2020, the South Korean copper smelter said
on Wednesday.
    The deal will help LS Nikko Copper ensure a stable supply of
copper concentrate, a key raw material to make electrolytic
copper, gold and silver, the company said in a statement.  
    Under the deal, LS Nikko Copper will receive copper
concentrate from Panama's Cobre Panama, operated by FQM.  
    LS Nikko Copper currently has the capacity to produce
680,000 tonnes per year of electrolytic copper, according to the
company's website. 
    
    

 (Reporting By Jane Chung; Editing by Christian Schmollinger)
 ((jane.chung@thomsonreuters.com; +82 2 6936 1459;))