Blister copper RC benchmark talks at final stage; level expected to rise

Discussions between Chinese copper smelter Jiangxi Copper and Zambian producer Chambishi on annual blister copper refining charges (RCs) for 2021 are at their final stage, with both sides expecting a rise in terms, Fastmarkets has learned.

Benchmark RCs for contractual supply of intermediate copper products in 2021 have still not been signed, sources said. 
Two sources close to the matter said they believe terms will likely be settled at $140-150 per tonne.

In mid-December 2019, agreement was reached on a 2020 supply contract at an RC of $128 per tonne cif China,...

Published

Julian Luk

December 31, 2020

10:45 GMT

Hong Kong