European zinc market rallies around Nyrstar-Teck ‘benchmark’ deal, Glencore numbers absent

Market participants are referring to a zinc concentrates deal between miner Teck Resources and smelter Nyrstar as a European benchmark, aligning with deals at the same level in Asia.

Nyrstar locked in 2019 supplies of zinc concentrates with Canada's Teck with Treatment Charges (TCs) set at $245 per tonne based on an outright cash price of $2,700 per tonne.

Scales, which adjust TCs when prices rise and fall were placed at 2% below $2,700 per tonne, 0% between $2,700 and $3,000 per tonne and +5% above...

Published

Archie Hunter

July 24, 2019

17:40 GMT

London