COPPER CONCS SNAPSHOT: South American supply uncertainty weighs on copper TC/RCs

Caution over South American copper mining supply disruption weighed on processing charges for copper concentrate in the week to Friday July 10.

This week, miner-to-trader deals were most settled in the range of the mid-$30s to low $40s per tonne, although a Carmen concentrate tender for delivery in the second half of this year was reportedly awarded at numbers below $30 per tonne / 3 cents per lb.

Smelters are generally well stocked for nearby months, leading to only a handful of tonnages bought at levels close to $50 per tonne / 5...

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