Jiangxi Copper, Chambishi agree 2020 blister copper RC at $128/mt

Published: Dec 16, 2019 10:25

Save

This marked a decline of $37/mt, or 22.4% from $165/mt for 2019

SHANGHAI, Dec 16 (SMM) – Chinese copper smelter Jiangxi Copper and Zambian blister copper producer Chambishi have agreed refining charge (RC) of $128/mt for 2020 blister copper supply, SMM learned.

This marked a decline of $37/mt, or 22.4% from $165/mt for 2019, pointing to strong expectations of tight supply of blister copper next year.

Chambishi, a major provider of blister copper, an intermediate copper product, is owned by China Nonferrous Metals.

Blister copper RC

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

[Contract rollover and tight supply drive Shanghai spot copper premiums to a new YTD high after initial dip]

2 hours ago

4 hours ago

SMM weekly operating rate of secondary copper anode plate enterprises in China at 52.43%

[SMM Copper Anode Market] From September 11 to September 17, the SMM weekly operating rate of secondary copper anode plate enterprises in China rebounded by 1.03 percentage points WoW to 52.43%. It is expected to decline by 0.62 percentage points WoW next week to 51.81%.

4 hours ago

[SMM Analysis] The EU’s revised WSR is facing fresh uncertainty over its first list of authorised destinations

[SMM Analysis: The EU’s revised WSR is facing fresh uncertainty over its first list of authorised destinations] The EU’s draft WSR list raises the risk that India, Thailand, Malaysia and China could lose direct access to certain European metal waste flows from May 2027. Copper scrap may be rerouted to approved or OECD markets, increasing processing and compliance costs. SMM expects tighter tradable supply and stronger competition to support high-grade scrap payabilities.

4 hours ago