Antofagasta reached agreement over TCs for long-term contract of copper concentrate with Chinese mainstream copper smelters

As of Friday October 29, the SMM Imported Copper Concentrate Index stood at $62.84/mt, $1.44/mt lower than a week earlier.

As of Friday July 16, the SMM Imported Copper Concentrate Index (weekly) stood at $50.82/mt, $3.74/mt higher than a week earlier, rising for 14 consecutive weeks.

As of Friday June 25, the SMM Imported Copper Concentrate Index (weekly) stood at $39.4/mt, $1.54/mt higher than a week earlier. Traded TCs stood at or above $40/mt despite quiet trades, which were favourable for smelters.

As of Friday March 19, the SMM imported copper concentrate index (weekly) stood at $32.8/mt, up $0.73/mt from a week earlier. Trades improved but spot TCs diverged, with high-20s and mid-30s. More traders quoted at high-20s, but most smelters insisted on the bottom line of $30/mt.

China imported 1.83 million mt of copper ore and concentrate (hereinafter referred to as copper concentrate) in November 2020, a month-on-month increase of 8.3% and a year-on-year decrease of 15%, according to China Customs.

This came after two consecutive months of declines

This is the same level as for 2019, but much higher than the average for spot trades so far this year

Copper concentrate imports rose to an all-time high of 2.07 million mt in Jul, exceeding 2 million mt for the first time

The project is expected to process 20 million mt of copper ore and produce 96,000 mt of copper in a year

China imported some 1.77 million mt of copper concentrate in Mar, up 10.5% from a year ago