COPPER CONCS SNAPSHOT: TC drop to mid-$20s; launch of smelter, trader purchase prices

Spot copper concentrate processing charges dipped further in the week to Thursday April 1 with more smelters accepting terms below $30 per tonne / 3 cents per lb.

Fastmarkets calculated its benchmark copper concentrates treatment and refining charge (TC/RC) index, cif Asia Pacific at $24 per tonne / 2.4 cents per lb on April 1, setting another record low.

Offers to smelters dropped to the mid-$20s after news of Oyu Tolgoi's supply disruption this week, while most smelters still...


Archie Hunter

Julian Luk

April 01, 2021

15:20 GMT