COPPER CONCS SNAPSHOT: TC/RC index falls to 2020-low; Cerro Verde shipments to resume

The Fastmarkets copper concentrate treatment and refining charge (TC/RC) index dropped to its lowest level since the start of 2020 in the week ended Friday May 1.

The benchmark index fell to $52.20 per tonne / 5.22 cents per lb on Friday, from $54.90 per tonne / 5.49 cents per lb a week ago.
A Los Pelambres tender was awarded to a trader at TC/RCs in the low $40s per tonne during the week.
Ahead of the holidays in China, Japan and Korea, a few smelters took spot cargos in the range of low to mid-$50s per tonne, while most offers came in below $60 per tonne.

Notably, the TC spread between the buying level of smelters and traders has widened to $6.33 per...

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