IC 8225 - State of Arizona Department of Mines and Mineral ...

The following is a typical schedule or wntractfor the purchase of wpper ores andconcantratas.SCHEDULE OF PRICES, PENALTIES, ANDDEDUCTIONS~FOR A TYPICAL COPPERSMELTERChar €3%aak treatment Ore: 59.50per short dry ton of orechargeperton. baaed on a copper content of 12rwcent or lea For each 1*cent that the wpper contentis in excess of 12 percent,hcreaae the haae charge by$0.50 per short dry ton up to amaximum baae charge of $13.50per short dry ton, fractions inproportion. Concentraten:$13.50 oer shon drv ton of2,000 p;unds.Handling charge Charge $1.50 per ton for materialper ton. received in bags or other containm.Freight and ad- Seller shall reimburse buyer forvancea. freight paid and advances madeto seller or for seller's account.Payments:Gold.. .Silver-.If .03 of a troy ounce per shortdry ton or over,percent of the g o P d " ~ ~ ~ ~ ~ ~the net price realired by theU.S. Miit on the 15th dayfollowing the date of arrival ofproduct at buyer's smelter.If one troy ounceton or over, pay E9"5hgc%of the silver content at theHandy & Harman New Yorksilver uotations as ubliahedin theEngineerihg & MiningJournal, averaged for thecalendar week following thedate of arrival of product atbuver's nlant. The amount ofsil;er retained by buyer andnot paid for will be a minimumof 1 troy ounce per short dryton.Copper ........ Deduct from the wet way 1.3units and pay for 100 percentof the remaining copper at thedaily net export refinery quotationsfor electrolytic wirebars, aa published in the Engineering& Mining Journal,averaged for the calendar weekfollowing the date of amval ofproduct at buyer's smelter,lees a deduction of $0.03 perpound,copper paid for. Noth-In pad for copper if less than1.8 percent by net assay.No payment will be made for any metal or contentexcept aa above specified.Penalties per ton of ore:Arsenic --...... Allow 1 percent free, charge forexcess at 51.00 per unit.Antimony ...... Allow 1 percent free, charge forexcesa at $1.00 per unit.Bismuth --..... Mow .05 percent free, eharge forexcesa at $0.50 per unit.THE INDUSTRY, 259Settlement:Buyer will make 80 percent advance of the net estimatedsmelter value of product within 10 da s afterarrival at buver's smelter. Buver will m% caahGttleieit &.all shipments on the earliest practicaldate following the obtaining of all necessary information.Refined Copper.-Copper fabricators providethe principal domestic market for refined wpperroduced in the United States. At times the1 raas-m . ot makers are in the market for refinedwoner.%ut . --, their needs usudv " are filled fromthe scrap market.The market for refined wmer in the Unitedstates wnsists of a limited bber of buyers.Princi~al users are the fabricators afliliatedwith the lar e producers, the independent fabricators,an k' the large electrical manufacturers.The independent fabricators and electricalmanufacturers buy directly from the largeproducers, their selling agents, and from timeto time on the open market.More than 60 percent of the wpper deliveredby the refineries is as wirehars. Cakes, cathodes,and bidets make up the next largestpups, with about 10 percent each. Ingots,mgot bars, and other shapes wmprise theremainder.Copper usually is sold on 30- to 90-daydeliveries from the refineries and priced durine:the month of shipment. Copper producerihandle their transactions with the consumersthrough their sales agents which, in the caseof the large producers, are usually subsidiariesor affiliated wmpanies. American Metal Climax,Inc., and American Smelting and RefiningCompany, both custom smelters andrehers, are the principal independent selliigorganizations. Adolph Lewisohn Selling Corp.,also is an important seller of wpper, acting asthe sales agent for the Tennessee Copper Co.Division and Miami Copper Co. Division ofTennessee Corp. Calumet & Hecla, Inc.; COper Range Sales Co.; and International Miner && Metals Corp. are other notable primarywpper sellers. Table 73 shows the principalsellers and brands of wpper sold in the UnitedStates.Prices.-There are various price quotationsfor wppcr. In the United States, the threemain ones are the U.S. roduccrs price, thecustom smelter price, an t' the Engineering &M i g Journal quoted price. There are alsothe New York Commodity Exchange price andthe American Metal Market price. Co perprices are expressed in cents a pound an arequoted for the ordinary forms of wirebars andingots; cathodes sell at a diswunt of 0.125 of acent per pound, and small Merentids exist fort'