Deal has traders betting on fall in spot copper TC/RCs

Jun 13, 2013 | 12:38 PM | Mark Burton

Tags  copper concentrates, copper, TC/RCs, BHP Billiton, Antamina, Freeport-McMoRan Copper & Gold, Grasberg Mine, Mark Burton

LONDON — The latest spot copper concentrate sale from BHP Billiton Plc’s 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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