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China’s 2024 blister copper refining charges cut on looming tight supplies

December 14, 2023 Comments Off

China’s top copper producers Nonferrous Metal Mining (CNMC) and Jiangxi Copper Corporation set refining charges for 2024 long-term contracts at $116/mt CIF China, CNMC told S&P Global Commodity Insights Dec. 13. While the charges set by CNMC and Jiangxi Copper, considered as an industry benchmark, were in line with market expectations, the contracting rate was $9/mt lower than 2023 that…