Copper concentrate treatment charges and refining charges (TC/RCs) fell in the week ending Friday January 8, with more smelters looking for units on the spot market to replace delayed shipments from the Las Bambas copper mine in Peru.
Traders were taking standard concentrate at TC/RCs in the mid-$30s per tonne while the 20,000-tonne Toromocho tender for January shipment was awarded at levels close to $40 per tonne/4 cents per lb.
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