Deal has traders betting on fall in spot copper TC/RCs
Jun 13, 2013 | 12:38 PM
| Mark Burton
LONDON The latest spot copper concentrate sale from BHP Billiton Plcs Antamina Mine in Peru suggests traders are positioning themselves for a tightening in treatment and refining charges (TC/RCs) over the next few months.
BHP has agreed to sell two 10,000-tonne parcels of the Peruvian material to a trade buyer at $60 to $64 per dry metric tonne/6 to 6.4 cents per pound for delivery through August and September, external sources said.....
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