Jiangxi Copper, Antofagasta set 2019 copper concentrate TC at $80.8/mt-Shanghai Metals Market

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Jiangxi Copper, Antofagasta set 2019 copper concentrate TC at $80.8/mt

Industry News 10:01:40AM Nov 16, 2018 Source:SMM

SHANGHAI, Nov 16 (SMM) – Chinese copper smelter Jiangxi Copper and Chilean miner Antofagasta agreed on 2019 copper concentrate treatment charges (TC) in their long-term contracts at $80.8/mt, and refining charges (RC) at 8.08 cent/lb on November 15, sources from both companies told SMM. 

TCs stood $1.45/mt lower than the 2018 benchmark of $82.25/mt. SMM had expected the 2019 benchmark TCs to stand at $80-85/mt. 

Jiangxi Copper, Antofagasta set 2019 copper concentrate TC at $80.8/mt

Industry News 10:01:40AM Nov 16, 2018 Source:SMM

SHANGHAI, Nov 16 (SMM) – Chinese copper smelter Jiangxi Copper and Chilean miner Antofagasta agreed on 2019 copper concentrate treatment charges (TC) in their long-term contracts at $80.8/mt, and refining charges (RC) at 8.08 cent/lb on November 15, sources from both companies told SMM. 

TCs stood $1.45/mt lower than the 2018 benchmark of $82.25/mt. SMM had expected the 2019 benchmark TCs to stand at $80-85/mt.