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Home / Metal News / China copper smelters raise floor TC to $66/mt for Q4 2019

China copper smelters raise floor TC to $66/mt for Q4 2019

Oct 17, 2019 11:44

Source:SMM

This is up some $11/mt from the previous quarter

SHANGHAI, Oct 17 (SMM) – China’s top copper smelters set their floor treatment charge (TC) for the fourth quarter of 2019 at $66/mt, up some $11/mt from the previous quarter.

The floor charges, the minimum that miners pay smelters to process their copper concentrate into refined metal, were finalised at a quarterly meeting of the China Smelters Purchase Team (CSPT) in Shanghai on Thursday October 17. China is the world’s top copper consumer.

SMM assessed TCs for spot clean copper concentrate at $54-60/mt as of October 11.

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