COPPER CONCS SNAPSHOT: Peruvian restarts yet to halt falling TC/RCs

The spot copper concentrate market continued to trade at lower treatment and refining charges (TC/RCs) in the week to Thursday May 7.

Fastmarkets’ copper concentrates TC/RC index, cif Asia Pacific dropped to $50.4 per tonne / 5.04 cents per lb on Thursday and is now down by 23.3% month on month from $65.70 per tonne / 6.57 cents per lb on April 3.

Deals reported to Fastmarkets show Chinese smelters buying parcels in the low $50s / 5 cents, although bids from others are as high as $60 / 6 cents.

Deals reflect lack of near-term...

Published

Archie Hunter

Julian Luk

May 07, 2020

16:23 GMT

London