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China's copper smelters cut treatment, refining charges for Q1 – Report

Metal News - Published on Tue, 02 Jan 2018

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Business Insider reported that China's copper smelters have set the floor for their first-quarter treatment and refining charges at USD 87 per tonne and 8.7 cents per pound, respectively, two sources close to the China Smelters Purchase Team said.

The 10-member CSPT set the minimum level for treatment fees 8.4 % lower from the fourth-quarter rates of USD 95 per tonne and 9.5 cents per pound.

The new TC/RCs remains higher than the 2018 benchmark agreed by Tongling Nonferrous Metals Group and Freeport-McMoRan at USD 82.25 per tonne or 8.225 cents per pound.

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Posted By : Rabi Wangkhem on Tue, 02 Jan 2018
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