COPPER CONCS SNAPSHOT: TC/RCs drop further; benchmark talk showing progress

Fastmarkets' copper concentrates treatment charge/ refining charge (TC/RC) index fell to an all-time low since 2013 in the week to Friday November 27.

Offers to smelters were maintained in the $40s with purchases reported in the high $40s for 2021 January shipment and the low $50s for slightly complex concentrates, which were excluded from the index calculation. 

Only hand-to-mouth purchases were made while smelters refrain from buying with annual negotiations in play. Representatives from major miners and Chinese smelters met during the...


Archie Hunter

Julian Luk

November 27, 2020

14:18 GMT

Hong Kong, London