Benchmark on Zinc TCs Said to Have Been Set at IZA-Shanghai Metals Market

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Benchmark on Zinc TCs Said to Have Been Set at IZA

Industry News 10:07:27AM Mar 01, 2010 Source:SMM

NEW YORK, Mar. 1 -- The benchmark contract for zinc treatment charges, or fees miners pay smelters to turn their ore concentrate into refined metal, was said to have been set before the start of this year's International Zinc Association's (IZA) conference.

Xstrata (XTA.L: Quote) and Teck Resources Ltd (TCKb.TO: Quote) were said to have set terms at just above $270 per tonne based on a $2,500 a tonne London Metal Exchange zinc price.

 

Benchmark on Zinc TCs Said to Have Been Set at IZA

Industry News 10:07:27AM Mar 01, 2010 Source:SMM

NEW YORK, Mar. 1 -- The benchmark contract for zinc treatment charges, or fees miners pay smelters to turn their ore concentrate into refined metal, was said to have been set before the start of this year's International Zinc Association's (IZA) conference.

Xstrata (XTA.L: Quote) and Teck Resources Ltd (TCKb.TO: Quote) were said to have set terms at just above $270 per tonne based on a $2,500 a tonne London Metal Exchange zinc price.