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Chinese smelters, Freeport set copper concs TCs at $80/mt for 2024 term contracts

December 4, 2023 Comments Off

Major Chinese smelters settled the annual treatment and refining charges (TC/RCs) for 2024 term supply contracts at $80/mt and 8.0 cents/lb, respectively, with the miner Freeport-McMoRan Dec. 1, smelters told S&P Global Commodity Insights Dec. 4. Freeport-McMoRan was not immediately available for comment Dec. 4. Major producer Anglo American followed suit and settled with smelters at $80/mt and 8.0 cents/lb…