COPPER CONCS SNAPSHOT: Spot index at month-and-half high due to smelter buying

Fastmarkets' copper concentrate treatment and refining charge (TC/RC) index rose to its highest level in one and a half months on Friday September 18 after miners sold additional tonnes at slightly higher levels this week.

The spot market was active with Chinese smelter purchases still mostly settled at a narrow range of the high $40s / 4 cents to the low $50s / 5 cents. An increasing amount of December shipments were reported at $50 per tonne or slightly above for spot delivery.

While shipment diversions due to a partial closure of Birla's copper smelter did not affect the spot market significantly, some...

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