COPPER CONCS SNAPSHOT: TC/RCs steady with focus on Chile mine supply concerns

The spot market remained subdued this week but buyers are picking up copper concentrates at low levels while the Chilean coronavirus situation remains precarious, sources said on Friday July 3.

Fastmarkets' benchmark copper concentrate treatment and refining charge (TC/RC) index stood at $46.60 per tonne/4.66 cents per lb on Friday July 3, largely flat from 46.80 per tonne/4.68 cents per lb a week earlier.
Smelters are well covered for nearby months but are indicating the low-to-mid $50s/5cents as a buying level while miners are selling tonnages from the mid-$30s to low $40s. 

A weekly brief of Fastmarkets' coverage on...

Immediate trigger for crash was new Fed Chairman pick

Gold stocks slump on metal price decline

Is the gold market starting to turn 'irrationally exuberant'?

Gold stocks explode up as equity markets languish

Gold stocks outpace flat large caps