Year of smelting woes may fast-track copper concentrate annual benchmark

A year of unprecedented copper smelter disruptions has put copper concentrate benchmark negotiations on the front foot, with miners and smelters closer than usual in bid and offered terms at the outset of discussions.

Major outages at key smelters, including Sterlite Copper’s Tuticorin, Glencore’s Pasar and Codelco’s Chuquicamata have pushed up spot treatment and refining charges (TC/RCs) and driven uncertainty over next year’s demand outlook for...


Archie Hunter

October 19, 2018

15:59 GMT