SMM understood that Antofagasta and Chinese smelters finalised Cu 50% copper concentrate TC/RCs under long-term contracts for 2024 at $88/mt and $0.088/mt, up $12/mt and $0.012/mt respectively, from those 2022.
Antofagasta, Japanese and South Korean smelters finalised copper concentrate TC/RCs under long-term contracts for the second half of 2023 to the first half of 2024 at $88/mt and $0.088/mt, up $13/mt and $0.013/mt respectively, from those between the second half of 2022 and the first half of 2023.
![Few offers were made during the day, and there were almost no market participants. [SMM Yangshan Spot Copper]](https://imgqn.smm.cn/usercenter/vcsIC20251217171710.jpg)
![Copper prices fell sharply, with some downstream buyers making small restocking purchases, but overall trading remained sluggish [SMM South China Spot Copper]](https://imgqn.smm.cn/usercenter/gCNEi20251217171715.jpeg)
