Copper TC/RCs drop to one-year low in late Mar; eyes on low bids for Q2 tenders

Copper concentrate treatment and refining charges (TC/RCs) for Asia Pacific continued to drop in the second half of March in the absence of Las Bambas output, while Chinese smelters are prepared to accept significantly lower spot TCs for the second quarter this year.

Fastmarkets’ spot copper concentrate index for Asia Pacific was calculated at $66.7 per tonne/ 6.67 cents per lb on March 25, down from $69 per tonne/ 6.9 cents per lb two...

Published

Ellie Wang

Anna Xu

Archie Hunter

Julian Luk

April 01, 2019

15:45 GMT

London, Shanghai