Zinc smelters affirm Asian concentrates TC benchmark at $245/t - sources

Zinc smelters in Asia are acknowledging a March annual zinc concentrate supply deal between miner Teck Resources and smelter Korea Zinc as a benchmark, sources told Fastmarkets this week.

They said that Japanese smelters, including Mitsui Mining & Smelting and Dowa Metals & Mining, are following the treatment charge (TC) of $245 per tonne in deals with international suppliers.
In these contracts, Japanese smelters are also including scales of -2% below $2,700 per tonne, 0% between $2,700 and $3,000 per tonne and +5% above $3,000 per tonne, the same rates agreed by Teck and Korea Zinc.

This is despite Mitsui Mining & Smelting signing contracts with Teck at a slightly different level of $248 per tonne TCs basis a...

Published

Archie Hunter

May 31, 2019

11:24 GMT

London