COPPER CONCS SNAPSHOT: China smelters continue to snap up March cargoes

The copper concentrate market continued to be active this past week although treatment and refining charges (TC/RC) were unchanged after a marked drop two weeks ago.

What you need to know 
  • High swells in Chile causing disruptions to January shipments there. 
  • Smelters in China continue to buy at lower levels, especially for March. 
  • Traders continue sharp bets on small tonnages tendered by miners.

Fastmarkets’ copper concentrates TC/RC index cif Asia Pacific was $40.1 per tonne / 4.01 cents per lb on Friday...


Archie Hunter

Julian Luk

January 22, 2021

15:26 GMT

London, Hong Kong