COPPER CONCS SNAPSHOT: TC/RCs hit another record low despite smelter buying slowdown

Fastmarkets copper concentrate treatment and refining charge (TC/RC) index continued to set new lows this week while smelters' buying levels were consistently below $50 per tonne/5 cents per lb.

Market activity has slowed down from last week, with one parcel of Escondida bought by a Chinese smelter at $49/4.9 cents, while other clean qualities had TCs within a narrow range of $47.50-50.50 per tonne, sources said. 

Traders are able to pick up units from miners below $40/4...

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