Spot Copper Concentrate TCs to Rise at the Beginning of the Second Quarter

SHANGHAI, Mar 14 - Chinese smelters, including China Daye Non-Ferrous Metals Mining’s Headquarters, Jiangxi Copper, Tongling Jinguan, and Qinghai Copper, will undertake maintenance in April.

Meanwhile, port capacity in South America will continue to recover. The production at overseas mines has topped expectations and Quebrada Blanca Phase 2 in Chile will be commissioning soon.

SMM thus expects spot TCs to rise at the beginning of the second quarter.

According to SMM statistics, the inventory of copper concentrate at five Chinese ports was 774,000 mt in the week ending March 10, a decrease of 39,000 mt from a week earlier.