Freeport seals lower copper TC/RCs for 2021, signalling 6th …
Freeport-McMoRan Inc has agreed copper treatment and refining charges (TC/RCs) for 2021 with four Chinese smelters at 4% below this year's terms, an executive from the miner said on Monday ...
2022 copper TC/RC benchmark set at $65/6.5¢ | CRU
The CRU Copper team sets the standard for providing in-depth market analysis and forecasts, price assessments and cost analysis for the global copper …
PRICING NOTICE: Correction to copper concentrate TC/RC
Fastmarkets has corrected its weekly copper concentrate treatment and refining charge (TC/RC) index, which was published incorrectly on Monday January 4 due to a ...
COMMENT: What next for copper TC/RC benchmark as
This time, Antofagasta has agreed – at least four months earlier than expected – a deal with China's two largest copper smelters, Jiangxi Copper and Tongling Nonferrous. It will supply concentrates at a TC/RC price in the mid-$60s per tonne/6 cents per lb from January until June next year, as Fastmarkets reported on July 11.
Copper concentrate benchmark structure at risk in current …
Copper concentrate benchmark structure at risk in current market The influential annual treatment and refining charge (TC/RC) benchmark that sets the price that smelters charge miners to process their copper concentrate could be at risk, according to multiple market sources, although most believe the system, or elements of it, will remain
Copper miners, smelters inch closer to treatment charge …
Major copper miners and Chinese smelters have moved closer to agreement on treatment and refining charges (TC/RC) for 2022, two sources with knowledge of the talks said on Friday.
Copper concentrate TC/RC hits 6-month low on demand …
Low inventory, new smelters capacity support spot buying Spot supply tight in Q4 Market outlook mixed in short term Market participants expect the treatment and refining charges (TC/RC) of copper conc
Copper smelters feel pain as treatment and refining charges …
The tightness in the copper concentrate market has been reflected in treatment and refining charges (TCs/RCs), which are approaching all-time lows set in April 2021.. Fastmarkets calculated the copper concentrates TC index, cif Asia Pacific and the copper concentrates RC index, cif Asia Pacific at $22.70 per tonne and 2.70 cents per …
Economies | Free Full-Text | Direct Effect of TC on the LME Copper Prices
Diaz-Borrego et al. was to provide a forecasting econometric tool for benchmark copper TC/RC annual index. They suggested an applicable forecasting framework to project potential levels of critical discounts to be applied to the copper concentrates valuation process. ... The natural logarithm data is applied in returns …
July 2021
Calculation Procedure Normalisation ... CRU's TC/RC assessments for copper concentrates are published on the last working day (Monday-Friday) of each month in the Copper Raw Materials Monitor. CRU Prices | Methodology and Definitions Guide – COPPER CONCENTRATES Page 5 of 5
The Copper Market, Treatment and Refining Charges
Treatment and Refining Charges (TC/RCs) are the fees paid to smelters by mines for converting copper concentrate to copper cathode and key revenue source for …
Copper concentrate market participants lost amid …
Copper concentrate TC/RCs have been collapsing since the fourth quarter of 2023, following the closure of Frist Quantum's Cobre Panama mine in November. Talk to us about our copper market analysis and price data. Fastmarkets most recently calculated the copper concentrates TC index, cif Asia Pacific at $5.90 per tonne per tonne on …
Trade Review: Copper TC/RCs face further pressure in Q3 …
TC/RCs are fees paid to smelters by mines for converting copper concentrate to copper cathode, and falling TCs signal that copper concentrate supply is tight. Several Chinese smelters restarted idled production capacities in the second quarter, significantly boosting demand for copper concentrates.
Copper concentrate marketing 101
A TC/RC benchmark framework currently exists for copper concentrate. The benchmark is negotiated by major producers and major smelters on an annual (calendar …
PRICING NOTICE: Proposal to amend copper concentrate TC/RC …
Fastmarkets proposes to revise the outlier detection method used in the calculation of its copper concentrate treatment and refining charge (TC/RC) index to reflect timely changes of an increasingly active spot market.
Copper treatment charges for Chinese market seen rising in …
Global miners and Chinese smelters could set higher annual treatment and refining charges (TC/RCs) in 2023 as rising copper concentrate supply is expected to outpace smelting capacity growth.
Estimating copper concentrates benchmark prices under …
This paper presents a copper concentrates benchmark price model which provides suitable short-term price estimations based on metals and discounts forecasts, …
Copper concentrate TCs still negative: how? And what does …
The big movements in both the TC/RCs and the LME copper price have led to an increased market focus on copper concentrate treatment and refining charges. But some sources have said that the current dynamics of copper concentrate supply and demand may mean that the effect on the supply of refined material may not be …
Freeport agrees 2020 copper treatment charges at $62/T …
Miner Freeport-McMoRan Inc and China's Jiangxi Copper have agreed treatment and refining charges (TC/RC) of $62 a tonne and 6.2 cents per pound for copper concentrate supply in 2020, a senior ...
Platts launches daily China copper TC/RC assessment
Commodity pricing provider S&P Global Platts launched on Monday a daily assessment of spot treatment and refining charges (TC/RCs) for clean copper concentrate supply to top metals consumer China ...
Estimating copper concentrates benchmark prices under …
The model resorts to historical data on spot and futures prices at different maturities for copper, gold and silver as well as to historical values on copper TC/RC benchmark levels to render copper concentrate price forecasts.
RC Time Constant Calculator
The time constant of a series RC circuit is the product of the resistance and capacitance. Given two of the three values—resistance, capacitance, or RC time constant—this tool will calculate the missing third variable.
Chile's Antofagasta settles copper concs TC with Jinchuan at …
Chilean miner Antofagasta settled copper concentrate treatment and refining charges (TC/RC) at $80/mt and 8 cents/lb, respectively, with Jinchuan Group -- a major Chinese copper smelter -- for 2024 term contracts on Nov. 17, the companies told S&P Global Commodity Insights on Nov. 20.
Looking for Accurate Forecasting of Copper TC/RC …
This model thus allows us to make a more precise estimation of copper TC/RC levels, which makes it useful for smelters and mining companies. Industrial …
Looking for Accurate Forecasting of Copper …
The upper illustrations show the first 20 Monte Carlo paths for either TC or RC levels using monthly steps. The illustrations below show the annual averages of monthly step forecasts for TC and RC ...
Market faces 'unsustainable' double negative with copper …
Fastmarkets' benchmark copper concentrate TC/RC index fell into negative territory on Friday April 26, ... Arbitrage terms measure the import opportunity between the LME and SHFE, with a negative arbitrage calculation meaning that an importer could incur a …
Copper Product Suite | Wood Mackenzie
Copper Concentrates Service . Forecast for concentrates production, balances, trade flows and treatment and refining charges (TC/RC). Long-term outlook report with 30 year forecast to 2040. Quarterly updated concentrate market balance to 2040. Copper Smelters & Refineries Cost Service. Detailed smelter and refinery-level asset reports.
woodmac Copper Market Service
Copper Market Service woodmac Obtain a complete picture on copper supply, including asset-by-asset mine, smelter, refined ... (TC/RC) in the Concentrates Service. 3 Copper Mines Cost Service woodmac Understand and anticipate developments with forecasts on copper mine projects
copper concentrate price
Calculate Net Copper Value: Multiply the copper content percentage by the LME copper price and apply the TC/RC deductions to calculate the net copper value per ton of concentrate. Adjust for Impurities and Penalties: If your concentrate contains impurities, apply any applicable penalties or discounts based on the concentrate's …
Direct Effect of TC on the LME Copper Prices
The motivation of this paper is to identify the effect of treatment charge (TC) on LME (London Metal Exchange) copper prices. It is a fundamental variable as a supply side factor, because it is ...