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Supply disruptions drive copper TC to three-year low; smelters may cut production
Supply disruptions drive copper TC to three-year low; smelters may cut production
ratings:
Length:
17 minutes
Released:
Feb 16, 2024
Format:
Podcast episode
Description
The Asian copper market saw CIF China copper concentrate TC/RC fall by 65% in just three months’ time, while smelters were still not able to find enough feedstocks to meet their production needs. As copper concentrate market changed from surplus to deficit and copper price is still hovering at $8100-$8500/mt level, our experts discuss what happened behind the price, share the outlook for copper concentrate and copper cathodes. S&P Global Commodity Insights senior managing editor Mok Cheng speaks with senior copper analyst Wang Ruilin and senior price editor Han Lu about the factors driving copper concentrate TC/RCs movement, implications for copper cathodes and copper price, and what we would expect in 2024.
Released:
Feb 16, 2024
Format:
Podcast episode
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