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Chinese smelters agree copper concs TC with Antofagasta at $80/mt for 2024 term contracts

December 1, 2023 Comments Off

Leading Chinese copper smelters Jiangxi copper, Tongling Nonferrous and China Copper have agreed to settle copper concentrate treatment and refining charges (TC/RC) with Chilean miner Antofagasta at $80/mt and 8.0 cent/lb respectively on Dec. 1, the companies told S&P Global Commodity Insights. Jinchuan Group initially settled TC/RCs for 2024 annual term contracts with Antofagasta on Nov. 17. Chinese smelters are…