Copper smelters return to spot market for Q3 procurement; TC/RCs climb further
Copper smelters returned to the spot market in the week to Friday May 26, looking for concentrates to fulfill production needs for the third quarter of this year.
Fastmarkets’ copper concentrates treatment charge (TC) index, cif Asia Pacific
is now at its highest since November 2022.
With the regular seasonal maintenance closures at major smelters in China scheduled...