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Spot copper concentrate TC plunged to 8-month low as COVID-19 disrupted supply
May 9,2020 12:33CST
smm insight
Source:SMM
Treatment charges for spot copper concentrate in China are on track for refreshing record lows due to persisting worries about supply sparked by coronavirus lockdowns disrupting production and shipments from major mines. The SMM copper concentrate index, which assesses TCs for imported copper concentrate spot trades in China, stood at $54.21/mt for the week ended May 8, a low not seen since September 2019 and down more than $15/mt from the recent high of $71.47/mt notched in the week ended March 13.
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