COPPER CONCS SNAPSHOT: TC/RCs largely flat with more tonnages out for tender [CORRECTED]

Fastmarkets' benchmark copper concentrates treatment and refining charge (TC/RC) index edged down marginally on Friday June 5 with more tonnages offered by miners for spot sale.

The index stood at $49.6 per tonne/4.96 cents per lb, compared with $49.7 per tonne/4.97 cents per lb a week ago.
Smelters have been buying cargoes at $52-55 per tonne with bids as high as $60 per tonne. Buying interest is not particularly high with a number of Chinese facilities undergoing maintenance in the coming two months.

Meanwhile, India's largest copper producer, Birla Copper, is reported to have resumed normal operation amid easing of lockdown measures in the country, Fastmarkets learned. The smelter had put part of its operations on maintenance at the end of March after India introduced Covid-19 containment measures....

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