Deliverables for the copper cathode futures of Shanghai International Energy

Exchange (INE or the “Exchange”) meet the requirements of Grade A copper

(Cu-CATH-1) under the Chinese standard GB/T 467-2010 or of Cu-CATH-1

copper under the European standard BS EN 1978:1998. Both standards require

a minimum copper content of 99.9935% and a maximum silver content of

0.0025%.

Surface quality of copper cathodes deliverable through INE should meet the

requirements of GB/T 467-2010. The deliverables should be tightened into

bundles with rust-resistant steel straps applied in a “#” pattern, or with other

methods of comparable strength using steel straps. The strapping should be

reliable and each bundle should bear a prominent and secure product and

bundle weight labels. Each bundle may not exceed 4 metric tons.

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