Spot TC/RCs expected to rise if strike hits Altonorte
Dec 12, 2006 | 08:38 AM
| Sean Barry
A potential strike at Xstrata Plc's Altonorte copper smelter in Chile could release more copper concentrates onto the market and raise spot treatment and refining charges (TC/RCs), according to traders.
Spot TC/RCs have increased steadily in recent weeks as miners run down inventory ahead of the end of the year in order to balance their books.
"If production at Altonorte is hit then it will release even more units onto the market and give prices a boost," one concentrates trader said. "There's been a lot of nearby material coming out over the last two months because of the year-end and the stock run down. Smelters are already well covered for concentrates."....
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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.