Antofagasta, Japanese smelters lock in mid-year annual copper concentrate contracts with $68/t TCs

Japanese copper smelters have signed supply contracts for copper concentrate with treatment and refining charges (TCs) of $68 per tonne/6.8 cents per lb, seven informed sources confirmed to Fastmarkets.

The contracts, which are for the supply of 250,000 tonnes in total of copper concentrate supply from July 2019 to June 2020, were signed in early June with Chilean miner Antofagasta, the sources, who requested anonymity because the discussions are private, said.

Such mid-year deals are not unusual; Antofagasta will continue to allot the majority of its concentrate sales activity to contracts...

Published

Archie Hunter

Julian Luk

July 31, 2019

16:47 GMT

London