Higher transaction volumes were reported in the spot market for copper concentrates with Chinese smelters starting to procure for fourth quarter production, pressuring processing charges to a new low this week.
Fastmarkets' copper concentrates treatment charges/refining charges index
is now at its lowest level since launch in 2013.
During the week, multiple parcels were sold to Chinese smelters at a consistent level between the high-$40s to low-$50s, including US-origin brands offered at mid-$40s. Demand for concentrates...