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PRACTICAL GUIDE

Name the product.
Define the basis.

A short practical guide for a clearer material discussion.

Ore and concentrate

Ore is the mined feed material. A concentrate is a processed intermediate. For concentrate discussions, specify the wet and dry mass, sampling and assay procedures, copper and other element content, moisture, impurities and the commercial settlement basis. Do not treat total concentrate tonnes as contained copper.

Cathode and fabricated products

LME’s copper specification concerns Grade A cathode and requires approved brands for delivery against its contracts. An arithmetic copper-equivalent result does not meet that requirement. Rod, wire, tube, busbars and alloys are downstream products with their own customer specifications.

Before a procurement enquiry

  • Define form, standard, intended use and quantity period.
  • State delivery location, timing, packaging and quality evidence.
  • Identify the source, chain-of-custody scope and applicable assessments.
  • Separate a benchmark reference from a binding commercial quote.

This site does not offer inventory or qualify suppliers. Use the concentrate planner to understand units and prepare the commercial questions, then refer to the actual agreement.

Sources: LME, FCXUS, RIOCU. Sources checked 8 November 2026. Company statements and forecasts retain their original dates and conditions.