COPPER CONCS SNAPSHOT: TC/RCs drop further after smelters lock in cargoes in $40s

Copper concentrate treatment and refining charges (TC/RCs) hit new Fastmarkets record lows in the week to Friday September 4 after some smelters purchased cargoes for nearby arrival in the high $40s per tonne / 4 cents per lb.

Smelters are said to be well stocked with concentrate, but deals reported to Fastmarkets with TCs between $47 and $49 per tonne indicate that those in need will have to pay up if they want to obtain clean, decent-grade qualities.

Some deals are being quoted at low $50s to smelters, but usually come...

Published

Anna Xu

Archie Hunter

September 04, 2020

15:47 GMT

London