Copper concentrates treatment and refining charges TC/RCs are the fees miners pay smelters to turn concentrates into refined metal and are one of key profit margins for copper The TC/RC number typically falls in a supply deficit and rises when supply grows sources said Chinese copper smelters which are usually the most active ones in spot
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Copper concentrate a key feedstock for copper smelting is priced according to treatment and refining charges TC/RCs The charges are typically discounts to the outright exchange price paid to smelters for processing ore into refined metal I think the arbitrage window will remain closed due to the strength of LME copper prices and
SMM Information & Technology Co Ltd Hotline 86 21 3133 0333 Fax 86 21 5127 5007 Website 3 Data Collection Data Source Data source is a key basis as the SMM copper concentrate index is calculated based on spot trade data
2 The end product stage copper semi fabrication to final use Material is priced at a discount to the LME Official Price for copper until the added value of fabrication becomes more significant and the metal object progresses along the supply chain away from the LME copper grade material to that of a finished product copper wire
Copper TC are quoted in US Dollars per tonne of concentrate usually expressed on a dry basis while copper RC is quoted in US cents of dollars per pound of payable copper content For copper TC/RC there has traditionally been a market accepted reference agreed at the LME Week meetings between the world s largest miners and smelters This
A low copper concentrate TC implies a relatively weak supply of concentrates and relatively strong demand The tightness was caused by a number of factors First Quantum s Cobre Panama mine shut in November last year and production at a number of other miners has been subdued this year During LME Week earlier this month market sources
The global copper concentrate market will see a steep deficit during 2025 2027 as Asian smelters ramped up capacity amid a lack of matching mining projects in the pipeline analysts said
The end product stage copper semi fabrication to final use Material is priced at a discount to the LME Official Price for copper until the added value of fabrication becomes more significant and the metal object progresses along the supply chain away from the LME copper grade material to that of a finished product copper wire
Copper futures are widely traded on the London Metal Exchange LME at the COMEX and on the Multi Commodity Exchange in India The standard contract is 25 000 lbs Copper is the third most widely used metal in the world Copper increased USd/LB or % since the beginning of 2024 according to trading on a contract for difference
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LME Copper; LME Zinc; LME Nickel; LME Lead; LME Tin; LME Aluminium Alloy; LME NASAAC; LME Aluminium Premiums; LME Alumina Platts LME Aluminium UBC Scrap US Argus Ferrous LME Clear has a robust Risk Management Framework that provides the structure for clear risk policies processes and internal control mechanisms
LME Copper; LME Zinc; LME Nickel; LME Lead; LME Tin; LME Aluminium Alloy; LME NASAAC; LME Aluminium Premiums; LME Alumina Platts LME Aluminium UBC Scrap US Argus Ferrous LME Clear has a robust Risk Management Framework that provides the structure for clear risk policies processes and internal control mechanisms
Copper concentrate is a product made by processing/enriching copper ore which usually has a relatively low metal content and is not suitable for direct metallurgical processing Usually copper content in concentrate varies from percentages in the teens to several tens of percent which enables further processing in copper smelters and refineries
4 Copper concentrate treatment charges TCs are expected to remain low in 2025 with the market likely to remain tight sources from across the industry told Fastmarkets New mining frontiers were emerging but ahead of the London Metal Exchange s LME Week event industry executives have warned of a supply squeeze with regulatory hurdles
Given nickel market events of 8 March 2022 the LME has made a number of announcements relating to nickel including Nickel Market Update Low carbon nickel market feedback and transaction data update see notice 24/165 ; Nickel Market Update Discovering the low carbon premium for the nickel market see notice 24/116 ; Nickel Market Update Update on
A deficit in the copper concentrate market is likely to persist this year as mine disruptions continue Over 2023 copper price at the LME gained % year over year y/y and 2% at the US COMEX Factors Affecting Copper Prices in 2024 At the time of writing on July 1 LME copper price was trading around $9 566/ton about 12% from the
Participants in the copper concentrate market specifically traders have secured tonnages for 2025 at very low treatment charges TCs on the expectation that the market will remain tight next year sources told Fastmarkets on the sidelines of the annual CESCO Week conference in Santiago Chile The LME three month copper price was
Copper is sold in three main forms refined copper cathode; copper concentrate; and blister copper A very small amount of high grade copper is mined and direct shipped to a smelter direct shipping ore or DSO Cathode is usually sold on a CIF Cost Insurance & Freight basis and the price for the product is the LME London Metal
2 Copper concentrate is the first commercial product of the copper production line and is composed of approximately equal parts of copper iron and sulfide Concentrates are the raw material for all copper smelters which by processing it obtain an impure form of metallic copper anode or blister copper which is later used to produce high purity
The London Metal Exchange LME publishes data on copper stocks at the opening of the day When copper stocks increase demand for copper is weak
Hindustan Copper Limited HCL a public sector undertaking under the administrative control of the Ministry of Mines was incorporated on 9th November 1967 It has the distinction of being the nation s only vertically integrated copper producing company as it manufactures copper right from the stage of mining to beneficiation smelting refining and casting of refined copper metal into
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