Copper’s zero-sum game: the price of dominance in smelting talks

Copper’s zero-sum game: the price of dominance in smelting talks

From thearmchairtrader.com

On June 27th Chinese copper smelters reached a remarkable agreement that will be etched into the annals of global commodities trading. Negotiations between a consortium of Chinese smelters and Chilean miner Antofagasta LON:ANTO concluded with an unprecedented outcome: treatment and refining charges (TC/RCs) for copper concentrates were set at zero. This outcome is emblematic of a broader shift in the balance of power across the copper supply chain. For decades, smelters have relied on TC/RCs as a key component of their profitability. These fees, paid by miners to smelters for converting raw copper concentrate into ... (full story)

- Older Stories
Bessent says US has 'makings of a deal' with China
From finance.yahoo.com|Aug 2, 2025|13 comments
U.S. Treasury Secretary Scott Bessent said on Friday that he believed that Washington has the makings of a deal with China and that he was "optimistic" about the path forward. ...
Bank of England set to cut rates amid jobs market jitters
From think.ing.com|Aug 1, 2025
There’s almost no doubt that the Bank of England will cut rates down to 4% (from 4.25% currently) at its 7 August meeting. But that seemingly cautious action, which will continue ...
Fed Williams: Labor market still solid in my view, will go into September meeting with an...
From @DeItaone|Aug 1, 2025|9 comments
*FED WILLIAMS: LABOR MARKET STILL SOLID IN MY VIEW, WILL GO INTO SEPTEMBER MEETING WITH AN "OPEN MIND" *FED WILLIAMS: SEES TAILIWINDS & ECONOMIC GROWTH DEVELOPING IN 2026

- Newer Stories
There’s a little black spot on the sun today
From spectramarkets.com|Aug 2, 2025|1 comment
The seasonal surge in volatility has arrived right on schedule. It’s common for July to be quiet and realized vol heads into the toilet, then implieds follow and become juicily ...
New York Fed President John Williams Discusses the Economic Outlook
From msn.com|Aug 2, 2025|3 comments
John Williams, president of the Federal Reserve Bank of New York, discussed the outlook for the labor market, inflation and interest rates during an interview in New York with ...
BOE Is Probably About to Cut Rates Despite a Spike in Inflation
From finance.yahoo.com|Aug 3, 2025
The Bank of England is likely to deliver another interest-rate cut on Thursday, as tax hikes and wary consumers hamper Britain’s economy and prompt firms to slow hiring. The ...

Related Stories