Codelco to sell blended copper concentrates to China in deal with Ocean Partners

Codelco will blend high-arsenic Ministro Hales concentrates with clean feeds using Ocean Partners’ blending facilities in Taiwan in order to sell the material to smelters in China, buyers told Metal Bulletin.

“We are starting to sell Codelco blended material. That means we will secure the outlet of our high-arsenic content concentrates through this business,” a source at Codelco told Metal Bulletin
“This might have a big impact as Codelco will normalise this market in the long term, and it will have also an impact in the clean market, where Codelco will also play a important role in both selling and buying,” the source said.
Treatment and refining charges indexed by Metal Bulletin rose by $3.50 per dmt/0.35 cents per lb on July 31 on news that copper concentrates from Grasberg would soon be exported again in a market that has been defined this year by the spread in prices between clean and complex material. The index will be calculated again on Friday August 15.

At least five smelters in...


Mark Burton

Metal NM

August 11, 2014

11:25 GMT

Shanghai and London