#Latest news with #SumitomoMetalMiningCo.Bloomberg2 days agoBusinessBloombergCopper Clash Shows Cracks in Decades-Old Pricing SystemCanadian miner Teck Resources Ltd. and Japan's Sumitomo Metal Mining Co. are locked in a commercial dispute over a major copper supply deal, exposing cracks in a decades-old pricing system as the market endures a severe shortage. The two sides have failed to agree on the sales terms for concentrated copper ores that Teck will supply to Sumitomo's smelter in Japan this year, according to people familiar with the matter, who asked not to be identified due to the commercial sensitivity of the matter.
Bloomberg2 days agoBusinessBloombergCopper Clash Shows Cracks in Decades-Old Pricing SystemCanadian miner Teck Resources Ltd. and Japan's Sumitomo Metal Mining Co. are locked in a commercial dispute over a major copper supply deal, exposing cracks in a decades-old pricing system as the market endures a severe shortage. The two sides have failed to agree on the sales terms for concentrated copper ores that Teck will supply to Sumitomo's smelter in Japan this year, according to people familiar with the matter, who asked not to be identified due to the commercial sensitivity of the matter.
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