Pan Pacific Copper to Revise Ingot Sales Conditions in Japan

摘要

Pan Pacific Copper, which is joint venture of Nippon Mining & Metals and Mitsui Mining & Smelting, started study to improve the collateral conditions of copper ingot long term sales contracts. The firm has provided sweet condition to the users instead of adding 3 percent premium on the selling price to meet 3 percent import tariff for copper ingot with less than 500,000 yen per tonne value. However, the ingot increased to more than 500,000 yen. The firm tries to improve the collateral condition for shipment in 2008 when the copper purchase condition is worsening.