Fastmarkets assessed the RC for 98-99% blister copper cif China
at $117-132 per tonne on April 30, down from $130-140 per tonne at the end of March. The RC at the midpoint is already lower than the annual benchmark of $128 per tonne agreed between Jiangxi Copper and Chambishi
The annual charge, agreed in December 2019, is itself the lowest since 2015.
For trader purchases, a 4,000-tonne tender of Codelco’s spent anodes for May and June shipment has been awarded at a RC in...