Feb. 2 at 2:28 PM
$TGB Japanese smelters like Pan Pacific Copper (PPC) are increasingly focusing on copper cathode premiums—which hit record highs above
$300 per ton for 2026—to offset the lack of refining revenue.
Industry Stance:
Japan, along with Spain and South Korea, issued a rare joint warning that the current fee structure driven by Chinese overcapacity is unsustainable for the global smelting industry.
