Latest news with #ChineseSmelters
Bloomberg
4 days ago
- Business
- Bloomberg
Chinese Copper Smelters Get Only Short-Term Relief on Margins
Chinese copper smelters are getting short-term relief from higher fees, although the improvement in profitability may not be enough to entice them into lifting production. While spot treatment charges to turn concentrate into refined metal are still deeply negative, they've ticked higher over the past six weeks. That's largely due to a surge in discounted Indonesian supplies, freeing up more cargoes for delivery to China, where over half the world's smelting capacity is located.
Bloomberg
28-05-2025
- Business
- Bloomberg
Chile Copper Miner Offers Chinese Smelters Negative Processing Fees as Talks Start
Chilean copper miner Antofagasta Plc has proposed negative treatment charges for sales to Chinese smelters amid a global squeeze on supplies of ore, according to people familiar with the negotiation. Antofagasta made an initial offer this week at a treatment charge of -$15 a ton for supplies to Chinese clients, the people said, asking not to be identified discussing a sensitive commercial matter. The number was first reported by Mysteel Global.
