COPPER CONCS SNAPSHOT: Spot trading slows; copper price reaches all-time high

Spot trading of copper concentrate slowed in the week ending Friday May 7 with Chinese and Japanese market participants away for holidays.

Fastmarkets’ copper concentrate treatment and refining charge (TC/RC) index rebounded, with deals to smelters reported at low-to-mid $30s. Spot buying interest was not particularly high because several major Chinese smelters are carrying out maintenance in May and June.

The copper price on the London Metal Exchange reached an all-time high on Friday...


Archie Hunter

Julian Luk

May 07, 2021

16:27 GMT