SMM7, March 2:
According to SMM, Antofagasta has reached an agreement with Tongling Nonferrous and Jiangxi Copper to supply copper concentrate to refineries in the first half of next year.
In the end, the TC/RC determined by the negotiations between the two sides was 60.80 US dollars / ton and 6.08 cents / pound. According to SMM, Antofagasta and Japanese refineries failed to reach an agreement on the long order of copper concentrate from July 2020 to June 2021, or will reduce the supply of copper concentrate to Japan.
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