Copper Cathodes Supplier
We offer high-quality Copper Cathodes sourced directly from the Democratic Republic of the Congo (DRC) and Zambia. Operating under CIP terms, we take care of all logistics and insurance, ensuring your copper cathodes are delivered efficiently and securely to your designated location. This means you can focus on your business while we handle the complexities of shipping and insurance, making us the reliable supplier for your needs.
Copper procurement inherently relies on pre-financing production. Large, immediate stock quantities, such as 30,000 tons, are typically unavailable without this pre-financing. This is not just a current market condition but the standard practice in the industry. Any expectation of securing such quantities without pre-financing is unrealistic.
With our expertise in structured trade and commodity finance, we can guide you through how this approach can be successfully implemented to meet your trading needs. To begin this process, please fill out the order form.
Product Specifications
- Product: Copper Cathode (Non-LME Registered)
- Grade: A Grade, 99.99% purity
- Origin: Democratic Republic of the Congo (DRC) or Zambia
- Minimum Order Quantity: 250 Metric Tons
- Maximum Order Quantity: 3,500 Metric Tons per annum. Customized arrangements for increased production can be negotiated upon request.
- Dimensions: 914mm x 914mm x 12mm
- Weight per Sheet: 125 kg (+/- 1%)
- Net Weight per Pallet: 2 metric tons (+/- 1%)
- Minimum Weight per Container: 20 metric tons
- Gross Weight per Container: 22.20 metric tons
Terms & Conditions
- Delivery Terms: CIP (Carriage and Insurance Paid To) as per Incoterms® 2020, or as otherwise agreed with the buyer.
- Payment Terms: T/T & Irrevocable Pre-Shipment SLOC or DLC
- Delivery Time: Within 90 days from the confirmation of the financial instrument
- Cost Price: 8% below the three-month closing price on the London Metal Exchange (LME) on the day preceding the issuance of the invoice
Engagement Procedure
- Submission of Purchase Request: Submit a completed order form detailing the required specifications and volumes. A non-refundable administrative fee of US$2,000 is required to initiate the transaction process. This fee ensures the integrity of our process by prioritizing serious inquiries, as we receive hundreds of RFQs weekly—many from unqualified buyers or zero-risk arbitrage seekers whose requests detract from servicing committed clients. The US$2,000 fee will be fully deducted from the final proforma invoice for qualified buyers.
- Issuance of Proforma Invoice: A proforma invoice will be issued, reflecting the prevailing market conditions and tailored to your order parameters.
- Acceptance and Deposit Remittance: Confirm the proforma invoice terms and remit the stipulated deposit aligned with the agreed tiered pricing structure to secure the allocation of supply. Deposits range between US$150,000 & US$500,000.
- Pre-Shipment Letter of Credit: Establish an irrevocable SLOC or DLC covering the full contract value within 30 calendar days of invoice issuance, ensuring compliance with the stipulated payment terms.
- Fulfillment and Delivery Execution: Upon financial compliance, logistics and shipment will be executed per the contractual terms, ensuring regulatory and operational conformity throughout the supply chain.
Why Choose FG Capital Advisors?
We know how business is done in the DRC and Zambia. With excellent relationships on the ground, some of our partners have been mining sub-contractors in the Copperbelt for the last 40 years. We control every aspect from legal and logistics to procurement and finance.
Our deep understanding of the local markets and our expertise in structured trade and commodity finance allow us to help buyers navigate procurement and risk mitigation strategies effectively. Sourcing materials directly in Sub-Saharan Africa can be challenging, but with our mastery of financial instruments and on-the-ground operations, we ensure a smooth and reliable process.
Place Your Order
To get started, place your order through our
online order form.
FAQs
Here, we address common questions about our copper cathode procurement process to help you better understand how we operate. If you have any additional inquiries or need further clarification, please don’t hesitate to reach out to us.
Ready to Get Started?
To proceed with your order, please fill out and submit our online order form. Our team will review your submission and guide you through the next steps to ensure a smooth and efficient procurement experience.
Why is there a 90-day lead time?
The 90-day lead time covers several key stages: securing pre-financing for raw materials, sourcing and refining the copper ore into cathodes, and arranging logistics and transport to the destination. This process ensures we secure the necessary raw materials, maintain high product quality, and deliver on time.
Can the buyer open a DLC if you have goods in a warehouse, and pay upon inspection?
Yes, we accept DLC (Documentary Letter of Credit) or SLOC (Standby Letter of Credit), but it must be issued pre-shipment to allow us to make the necessary arrangements and secure the supply within 90 days. Funds can be released at sight.
What is the purpose of the deposit requirement?
In the copper industry, it is common practice to pay 20% of the contract amount, and sometimes up to 100% in advance. We charge only a $150k-$500k deposit to start arranging the supply for the Buyer. This deposit allows us to begin securing the necessary raw materials and logistics. Once the entire production is secured, the Buyer will then place the SLOC or DLC for the remaining invoice amount. This approach ensures you can secure copper without an upfront full payment commitment.
How do you ensure supply reliability?
There are ample raw materials, processing capabilities, and logistics in place. The primary challenge is financing, and that’s where we come into play. All subcontractors we hire to execute a contract post a surety bond, including state-owned companies if they are the ones providing the ore. This ensures that each party in the supply chain is committed to fulfilling their obligations. In the unlikely event that we cannot deliver, the Buyer will be refunded and receive a penalty amounting to 2-3% of the contract value, providing a level of financial protection and ensuring the Buyer makes a small profit even in the case of non-delivery.
Do you pay commission to introducers?
Yes, we offer commissions, up to 2%, to introducers knowledgeable about the market. However, we do not work with introducers who claim to have large buyers seeking copper cathodes at unrealistically low prices. These so-called "joker brokers" often propose deals involving copper allegedly stored in a warehouse and request 10,000MT per month. Such scenarios are impractical and a waste of time and resources. We prefer to collaborate with serious professionals who understand the complexities of the copper market.
Ready To Order With Us?
If you are an introducer with a genuine buyer, please complete the order form, pay the applicable fee, and mention that you are an introducer. We will send you an agreement to formalize our partnership. Complete the RFQ form and we will get back to you within 1 business day.
Kenny Kayembe
Kenny Kayembe, Principal at FG Capital Advisors, has a robust background in Structured Trade and Commodity Finance (STCF), allowing him to effectively capitalize on opportunities within the metals trading sector.
Since establishing FG Capital Advisors, he has established a strong network of partnerships in the DRC and Zambia to ensure the reliable sourcing and delivery of copper.
He has completed the Advanced Finance Program at Wharton Executive Education, taught by distinguished faculty from Wharton’s top-ranked MBA program. Kenny also holds a Certificate in Quantitative Finance (CQF) from the CQF Institute, complemented by technical training in web development and data science from Le Wagon.
If you are interested in our services, please apply directly through the appropriate form or schedule a consultation with us to receive professional guidance and begin your engagement.
