Fastmarkets' copper concentrate treatment and refining charge (TC/RC) index trended lower in the week ended Friday April 24, marking the third consecutive week of decline.
The benchmark index fell to $54.9 per tonne / 5.49 cents per lb on Friday, from $58.6 per tonne/ 5.86 cents per lb a week ago.
Limited tonnages were sold on the spot market during the week with bids and offers coming in at lower levels on supply disruptions. A few smelters with immediate need for spot tonnages were willing to accept TCs at the mid $50s / 5 cents, but most smelters are well covered for the...