SHANGHAI, Apr. 1 (SMM) – Chinese copper smelters are looking for higher spot TC/RCs for ore shipments during the second quarter, industry insiders said.
Industry news said Thursday that Chinese copper smelters seek for a 12% rise in spot TC/RCs for Q2 shipments, and this will bring up spot TC/RCs to $90-95 per tonne or cents 9-9.5 per lb.
The request for higher TCs is due mainly to the surge in China’s imports of copper concentrate, industry insiders said.
TC/RCs are the fees smelters charge miners for processing concentrates, and as concentrate supply increases, demand for smelting capacity and the charges also rise, creating higher profits for smelters.
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