COPPER CONCS SNAPSHOT: TC/RCs move higher in choppy market; eyes on mine disruptions

Fastmarkets’ copper concentrates treatment charges and refining charge (TC/RC) index moved up to $65.70 per tonne and 6.57 cents per lb this week, underpinned by a handful of deals reported in the high $60s per tonne.

Traders are cautious about offering tonnages to the spot market in anticipation of supply uncertainties from South America.
Notably, the counterparty spread between TC purchase levels for traders and smelters has narrowed to $2.77 per tonne so far in April from $7.55 per tonne in March.

Fewer tonnages are available for tender now. A tender for 5,000 tonnes of Carmen-brand concentrates was reportedly awarded in the low...

Published

Anna Xu

Archie Hunter

Julian Luk

April 03, 2020

16:43 GMT

London