There was an uptick in spot market activity in the week to Friday March 6 after smelters returned to make purchases for second-quarter consumption.
Chinese smelters took advantage of rising spot treatment and refining charges (TC/RCs) to snap up significant quantities of concentrate for the second half with TCs settled at a range of high $60s to low $70s per tonne. Trader purchase levels are assessed at the $60s per tonne level with bids for clean tonnages...