Make Kitco Your Homepage

Antofagasta's 2024 payment offer for copper processing below $75 - sources

Kitco News

LONDON, Nov 15 (Reuters) - Chilean miner Antofagasta has offered to pay Chinese smelters less than $75 a metric ton in 2024 to turn copper concentrate into metal, 16% below last year, two sources with direct knowledge of the matter told Reuters.

A spokesperson for the London-listed miner said Antofagasta "does not comment on copper negotiations".

(Reporting by Julian Luk; writing by Pratima Desai; editing by Kirsten Donovan)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.