MB ASIA COPPER CONF: Protracted talks expected over 2016 TC/RC contracts

Negotiations over treatment and refining charges (TC/RCs) for 2016 copper concentrates contracts will be long and exhaustive, an analyst said during Metal Bulletin’s Asia copper conference.

“The mining side would be very high $90’s and happy to walk away with $99[/9.9] – a two-figure sentimental victory. On the smelter side, if they can settle at triple-digit and they recognise last year and maintain triple digits, they’ll be happy,” said Ivan Szpakowski, commodities strategist at Citigroup.

He projects that the TC/RCs will settle “exactly...

Published

Shivani Singh

November 20, 2015

10:35 GMT

Shanghai