NEWSBREAK: Chinese smelters target copper TC/RC at $70/7 for Q4; eye benchmark negotiations

Chinese copper smelters are looking to buy concentrates for the fourth quarter of this year, citing better availability of spot materials.

China's Copper Smelters Purchase Team (CSPT) set the fourth-quarter base price for treatment and refining charges (TC/RCs) at $70 per tonne/ 7 cents per lb on Wednesday September 29, sources told Fastmarkets. 

The price floor...

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