Smelters gain upper hand in 2008 zinc talks
Dec 07, 2007 | 03:51 PM
| Meghann McDonell
Annual zinc treatment charge (TC) negotiations are expected to swing in favor of smelters thanks to an anticipated concentrate surplus and lower zinc prices, according to market sources.
TC negotiations between several large miners and smelters are under way, sources said. And although figures have not been disclosed, a senior executive at Teck Cominco Ltd., Vancouver, British Columbia, hinted that this year's talks have shifted in favor of the smelters.
"Because we're in the middle of negotiations I'm constrained from what I can say, but certainly in the case of zinc we've seen treatment charges moving more in the favor of smelters of late," Ron Vance, senior vice president of corporate development at Teck Cominco, told attendees at the Citi Basic Materials Symposium in New York. "Certainly there is this perception at least that there will be some surplus of zinc concentrates available over the next year or so."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here