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...

Gold stocks again reach new highs

Silver outpaces major metals in recent months

Another 'Bubble Check' for the gold sector

Gold stocks continue to hit new highs

Some mining stocks exposed to Burkina Faso take major hit