“The benchmark number is the benchmark number. We should respect it,” a source at one of the biggest Asian smelters said.
Freeport agreed an annual TC/RCs deal for 2020 with Jiangxi Copper
at $62 per tonne/6.2 cents per lb on the morning of Thursday November 21 while market participants were gathered in Shanghai for the annual Asia Copper Week.
The deal is the lowest annual benchmark...