CSPT slashes Q2 copper TC/RC purchase price floor by 21%

China’s 10 biggest copper smelters have set a treatment and refining charges (TC/RCs) purchase price floor of $73 per tonne/7.3 cents per lb for the second quarter of this year, sources close to the matter told Fastmarkets on Thursday March 28.

The latest price floor marks a 21% drop from the first quarter’s level of $92 per tonne/9.2 cents per lb and was set at the Copper Smelter Purchase Team’s (CSPT) quarterly meeting in Shanghai on March 28. The CSPT consists of Tongling Nonferrous Metals, Jiangxi Copper, Daye Nonferrous, China Gold, Baiyin Nonferrous, Gansu Jinchuan, Yunnan Copper, Zhongtiaoshan, Yantai Guorun and Zijin Mining. “The level is roughly in...

Published

Anna Xu

March 28, 2019

09:15 GMT

Shanghai