Some smelters in north-west, central and east China are still in need of spot cargoes. Freeport and Antofagasta are expected to finalise the benchmark copper concentrate TC under long-term contracts in 2024 during the CESCO Week. According to SMM's analysis, copper concentrate supply will see a surplus of 120,000 mt in metal content in 2023, a surplus of 70,000 mt in metal content in 2024, and a shortage of 300,000 mt in metal content in 2025.

![บรรยากาศการซื้อขายในตลาดซบเซา ราคาสปอตปรับตัวลงสู่ 110 หยวน/ตัน [รีวิวรายสัปดาห์ตลาดทองแดงแคโทดมณฑลซานตง SMM]](https://imgqn.smm.cn/usercenter/udUol20251217171712.jpg)

