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Nyrstar-Trafigura Zinc Concentrate Contracts Set at 25% of 2018

Metal News - Published on Mon, 07 Oct 2019

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Major zinc smelter Nyrstar received zinc concentrate supply from Trafigura in 2018 with terms set at a quarter of that year's market benchmark. Trading house Trafigura paid the smelter an average treatment charge of USD 37.20 per tonne for 2018 contracted volumes of 500,000 tonnes of zinc concentrates, a level substantially below the USD 147 per tonne agreed by Nyrstar and other smelters with miners as an annual benchmark.

Nyrstar said that the contracted supply totaled 25-30% of Nyrstar's annual zinc concentrates feed. Terms were agreed in two tranches in October 2017 and August 2018. TCs for 2017 averaged USD 74 per tonne between the two parties, which was 43% of that year's benchmark.

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Posted By : Rabi Wangkhem on Mon, 07 Oct 2019
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