Fastmarkets’ copper concentrates TC index, cif Asia Pacific
, dropped to $49.60 per tonne/4.96 cents per lb on Friday May 15. This was the first time the index has dipped below $50 per tonne/5 cents per lb since September last year.
The index was calculated at $50.40 per tonne/5.04 cents per lb on Thursday last week.
This week, a Bisha parcel of relatively high zinc and lead content was awarded in the high $40s per tonne, while an Oyu Tolgoi tender was reported as not being...