Copper Cathodes Supplier
Copper Cathode Procurement
FG Capital Advisors offers high-quality copper cathodes sourced directly from the Democratic Republic of the Congo (DRC) and Zambia. Delivered under CIP terms, we handle logistics and insurance to ensure secure and efficient delivery to your location.
Pre-financing production is essential in copper procurement. Large, immediate stock quantities, such as 30,000 tons, are typically unavailable without pre-financing. This is standard practice in the industry. Buyers must secure pre-shipment financial instruments, including irrevocable Standby Letters of Credit (SLOC) or Documentary Letters of Credit (DLC), for order confirmation.
To begin, submit the order form.
| Specification | Details |
|---|---|
| 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 Annual Quantity | 3,500 Metric Tons |
| Delivery Time | Within 90 Days Post Financial Confirmation |
| Dimensions | 914mm x 914mm x 12mm |
Engagement Procedure
1. Submission of Order Form: Complete and submit the official order form. An administrative fee of $2,000 is required to process your application.
2. Receipt of Proforma Invoice: Within two business days, you will receive a detailed proforma invoice outlining the terms and conditions of the purchase.
3. Invoice Approval and Deposit: Review and approve the proforma invoice. A deposit ranging from $150,000 to $500,000, depending on the tiered pricing structure, must be remitted to confirm your order.
4. Establishment of Financial Instruments: Within 30 calendar days, establish an irrevocable Standby Letter of Credit (SLOC) or Documentary Letter of Credit (DLC) covering the full contract value. This financial guarantee is mandatory to proceed.
5. Verification and Compliance: Our team will verify the authenticity of the financial instruments and conduct a thorough compliance review to ensure all regulatory requirements are met.
6. Logistics and Shipment: Upon successful verification, we will arrange logistics and shipment under CIP terms, ensuring timely and secure delivery of the copper cathodes to your designated location.
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.
