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Antofagasta to Follow the Recently Finalised Copper Concentrate Benchmark TC/RC in 2022_SMM

Chinese smelters, led by Jiangxi Copper, Tongling Nonferrous Metals, China Copper as well as Jinchuan Group settled the copper concentrate benchmark TC/RC with Freeport under long-term contract for 2022 at US$65/mt and ¢6.5/lb respectively.

Antofagasta to Follow the Recently Finalised Copper Concentrate Benchmark TC/RC in 2022_SMM

Chinese smelters, led by Jiangxi Copper, Tongling Nonferrous Metals, China Copper as well as Jinchuan Group settled the copper concentrate benchmark TC/RC with Freeport under long-term contract for 2022 at US$65/mt and ¢6.5/lb respectively.

Long order negotiation results settled spot copper concentrate to maintain 60 low operation [SMM Copper Weekly report selection]_SMM

[SMM Copper Weekly selected: long order negotiation results "settled" spot copper concentrate to maintain 60 low operation] as of Friday (December 17), the SMM imported copper concentrate index (week) was 60.75 US dollars / ton, slightly lower than the previous December 10 index of 0.15 US dollars / ton. Market transactions are still mainly between mines and smelters, mining traders rarely participate in transactions, sporadic January shipment spot, Mainly shipped in February and March. Many mining traders said that in the near future, long order negotiations are still the main core. At the same time, most smelters have ample inventories, curbing the overall activity of the spot market.

Second Round of Long-Term Copper Concentrate Contract Negotiations Began_SMM

Second Round of Long-Term Copper Concentrate Contract Negotiations Began_SMM
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Key Copper Companies Issued Good Earnings Reports for Third Quarter on Higher Copper Prices_SMM

Since the beginning of this year, the copper prices have continued to rise, reaching the highest level since May 2006 in May. The high copper prices have made relevant companies profitable.

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