Disclosure On The Copper Calculation Method Adopted From 1st of March 2022

Following publications closure from website DEL-NOTIZ of copper value used for orders calculation, to be able to continue working with you, we hereby inform you about the ELETTRONICA CONDUTTORI’s new copper value determination procedure for base calculating in orders. This procedure will be operative from 1^st of March 2022 referring the website Westmetall’s ( https://www.westmetall.com ) copper value and exchange rates  for single days and the month’s average.

Extraction datas :

• COPPER : LME official price (Cash Settlement) in US-$.
• EXCHANGE RATES : official rates on European Central Bank, EBC-Fixing ( 14.15)
• CATHODE PREMIUMS : will be used the usual market premiums until further notice. ( Present premium value 128 $/TON )

Daily Calculation rules :

• (COPPER (US-$/TON) + CATHODE PREMIUMS ($/TON)) / EXCHANGE RATES (€/$) + 2.0% = €/TON / 1000 = €/KG

Example day:  24/02/2022   

• (9.983,00 (US-$/TON) + 128 ($/TON)) / 1,11630 (€/$) + 2.0% =  €/TON 9.238,75  / 1000  =  €/KG  9,239

Medium Month Calculation rules : 

• (Average Month COPPER  (US-$/TON) + CATHODE PREMIUMS ($/TON)) / Average Month  EXCHANGE RATES  (€/$) + 2.0%    =   €/TON / 1000 = €/KG

Example month:  February                          

• ( 9.941,35 (US-$/TON) + 128 ($/TON) ) / 1,13419 (€/$) + 2.0% = €/TON  9055,57 / 1000 = €/KG  9,056

The base and hollow prices agreed with you are not affected by the change and remain valid. We ask for your understanding for this very short term change and we are at your disposal for further questions.