[SMM Analysis: What Impact Will the Negative Era of Spot Copper Concentrate TCs Bring?]
On January 24, 2025, the SMM Imported Copper Concentrate Index (weekly) stood at -$2.2/mt ore, marking the second time since May 2024 that the TC value has turned negative. Unlike previous instances where the TC dipped below zero temporarily, this time it is highly likely to be a long-term situation.



