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China copper smelters, miners split over finalizing TC/RCs for 2024

November 16, 2023 Comments Off

An agreement between Chinese copper smelters and Chilean miner Antofagasta that could set the tone for copper concentrate floor price in 2024 is facing roadblocks because of split views and a wide bid-offer spread, industry sources said Nov. 16. The first annual settlement between a major copper miner and Chinese smelters during the fourth quarter usually becomes the benchmark for…