off-the-wire

China smelter group sets copper TC/RC guide price for Q2 2023 at $90/T - sources

Kitco Media
By Reuters
Published:
Updated:
Reuters

BEIJING, March 30 (Reuters) - China's top copper smelters agreed on a guide price for treatment and refining charges (TC/RCs) for copper concentrate processing in the second quarter of 2023 at $90 per tonne and 9.0 cents per pound, two sources with knowledge of the matter said on Thursday. The rates were decided at a meeting of the China Smelters Purchase Team (CSPT) held on Thursday, the sources said. The new prices are lower than the guidance for the charges set at $93 per tonne and 9.3 cents per pound for the first quarter this year.

(Reporting by Siyi Liu and Andrew Hayley; Editing by Jacqueline Wong)

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.