COPPER CONCS SNAPSHOT: TC/RCs drop further; benchmark talk showing progress

Fastmarkets' copper concentrates treatment charge/ refining charge (TC/RC) index fell to an all-time low since 2013 in the week to Friday November 27.

Offers to smelters were maintained in the $40s with purchases reported in the high $40s for 2021 January shipment and the low $50s for slightly complex concentrates, which were excluded from the index calculation. 

Only hand-to-mouth purchases were made while smelters refrain from buying with annual negotiations in play. Representatives from major miners and Chinese smelters met during the...

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