COPPER CONCS SNAPSHOT: spot TCs drop by $5/t in a week on supply concerns

Fastmarkets’ copper concentrates treatment charge and refining charge (TC/RC) index dropped below the annual benchmark level in a week characterized by force majeures and mines being put on care and maintenance.

The index, which tracks spot market activity for Asia Pacific, stood at $60.10 per tonne/ 6.01 cents per lb on Friday April 9, down by 8.5% from $65.70 per tonne/ 6.57 cents per lb a week ago. A handful of deals were done in the low $60s/6 cents to smelters while traders expressed interest for prompt cargoes at $55 per tonne / 5.5 cents...

Published

Anna Xu

Archie Hunter

Julian Luk

April 09, 2020

16:43 GMT

London, Shanghai