COPPER CONCS SNAPSHOT: TC/RCs drop mid-Sept, smelters return for tonnes

Fastmarkets' copper concentrate TC/RC index has dropped amid a flurry of smelter deals below $50 per tonne / 5 cents per lb pressuring the market down.

Sources that spoke to Fastmarkets reported several sales to smelters with TCs of $48 per tonne, $49 per tonne and $50 per tonne. There were no deals reported with TC/RCs above $50 per tonne / 5 cents per lb this week, trading sources said.

Traders, meanwhile, are supposedly willing to buy material at...

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