The Metal Bulletin copper concentrates TC/RC index
stood at $81 per tonne/81 cents per lb on Monday January 15, up slightly from $79.80/7.98 cents at the end of 2017, when the index had hit a four-month low in line with the lower annual TC/RCs benchmark agreed between Freeport McMoRan and Tongling Nonferrous
Spot TC/RCs edged higher in response to news that operations at Glencore’s Pasar copper smelter and refinery in Philippines have been suspended
since early January due to a technical failure, and cargoes from the facilities were being diverted into the spot market.
“If this continues you may see more...