Pan Pacific Copper and Lundin Mining have agreed to keep the processing costs of processing copper ore into metal largely unchanged next year. According to people familiar with the matter, the 2026 extension agreement for commercial terms, including smelting costs, remains unchanged. The agreement indicates a trend: as the global smelting industry falls into a deeper crisis, miners are making commercial concessions to key long-term customers.

Pan Pacific Copper and Lundin Mining have agreed to keep the processing costs of processing copper ore into metal largely unchanged next year. According to people familiar with the matter, the 2026 extension agreement for commercial terms, including smelting costs, remains unchanged. The agreement indicates a trend: as the global smelting industry falls into a deeper crisis, miners are making commercial concessions to key long-term customers.