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PRICING NOTICE: Fastmarkets amends copper concentrates TC/RC …

PRICING NOTICE: Fastmarkets amends copper concentrates TC/RC index specifications Fastmarkets is revising the specifications for its copper concentrates treatment and refining charge (TC/RC) Asia Pacific index after a thorough consultation with a wide range of market participants. ... The updated specifications used in the calculation of the ...

What are TC/RCs (Treatment and Refining …

TC/RCs provide part of the revenue of a smelter. E.g. the table below gives an indicative calculation for revenue per tonne of copper for various TC/RC levels and levels of concentration:

Freeport seals lower copper TC/RCs for 2021, signalling 6th …

Freeport-McMoRan Inc has agreed copper treatment and refining charges (TC/RCs) for 2021 with four Chinese smelters at 4% below this year's terms, an executive from the miner said on Monday ...

January 2023

DataLab Name: Copper, Concentrates, Miner/Trader, TC/RC, Spot price; Asia, CIF Material: Standard grade copper concentrates Price basis: CIF Asian port Type: Spot Currency: US $ Weight Unit: Metric tonne Size: 5,000 - 30,000t Timing: Prompt to 3 months Pricing: TC/RC in $/t and c/lb payable metal

Copper concentrate price data and news

Copper's essential role in the energy transition is creating a volatile and dynamic market. A series of production problems has hit mine output around the world, leaving smelters scrambling for copper concentrates. The strong demand for copper concentrates has pushed the treatment charges and refining charges (TC/RCs) down to record lows.

PRICING NOTICE: Correction to copper concentrate TC/RC …

German copper producer Aurubis is maintaining a premium of $228 per tonne FCA for 2025 for its European clients, Aurubis has confirmed to Fastmarkets.

Resistor-Capacitor (RC) Time Constant Calculator | DigiKey …

This tool calculates the product of resistance and capacitance values, known as the RC time constant. This figure — which occurs in the equation describing the charging or discharging of a capacitor through a resistor — represents the time required for the voltage present across the capacitor to reach approximately 63.2% of its final value after a change in voltage is applied to …

Copper smelters feel pain as treatment and …

Fastmarkets calculated the copper concentrates TC index, cif Asia Pacific and the copper concentrates RC index, cif Asia Pacific at $22.70 per tonne and 2.70 cents per lb respectively in the week ending January 26, both …

2022 copper TC/RC benchmark set at $65/6.5¢

The 2022 copper TC/RC benchmark has reportedly been settled at $65/6.5¢ between Freeport McMoRan and Chinese smelters on 16 December. We understand that Jiangxi Copper first agreed at this level with Freeport, with other Chinese smelters following suit (China Copper, Jinchuan and Tongling Nonferrous).

Looking for Accurate Forecasting of Copper TC/RC

Thus, in accordance with our second premise on benchmark TC/RC behaviour, levels would move in line with copper concentrate supply and demand as well as the smelters' and refineries' available capacity to transform concentrates into metal copper. Hence, a relationship between TC/RC levels and copper supply and demand is known to exist and ...

July 2021

Pricing: TC/RC in $/t and c/lb payable metal Duties/Tariffs: 0% Frequency: Monthly Trader/Smelter Material: Standard grade copper concentrates Price basis: CIF Asian port Type: Spot Currency: US $ Weight Unit: Metric tonne Size: 5,000 - 30,000t Timing: Prompt to 3 months Pricing: TC/RC in $/t and c/lb payable metal

Copper concentrate benchmark structure at risk in …

The influential annual treatment and refining charge (TC/RC) benchmark that sets the price that smelters charge miners to process their copper concentrate could be at risk, according to multiple market sources, although …

PRICING NOTICE: Metal Bulletin launches Copper Concentrates TC/RC …

Metal Bulletin has launched an index for copper concentrates treatment and refining charges (TC/RCs) on a cif Asia-Pacific ports basis. The index, the first such price in the copper concentrates market, will be published twice every calendar month, on the 15th and last day of each month, or the closest preceding day in the event that such dates fall on a weekend …

Copper concentrate marketing 101

A TC/RC benchmark framework currently exists for copper concentrate. The benchmark is negotiated by major producers and major smelters on an annual (calendar year) basis. Since about 1990, the …

ON-SITE PROCESSING VS. SALE OF COPPER …

TC/RC/PP (US ¢/lb) Copper Prices (US ¢/lb) Cu Figure 4 For the purposes of the financial analysis in the succeeding section, longterm prediction for TC/RC/PP is required. Using the above historical relationship between TC/RC/PP and copper price it is assumed that the TC/RC/PP is 23% of the copper price for the longterm average.

Record-low copper TC/RCs push miners to agree very-long …

Fastmarkets' benchmark copper concentrate TC/RC index fell into negative territory on April 26, the first time the index had traded as a negative number in records going back to 2013. The most recent calculation of the copper concentrates TC index, cif Asia Pacific, was a discount of $2.50 per tonne on May 3.

Copper treatment charges for Chinese market seen rising in …

Global miners and Chinese smelters could set higher annual treatment and refining charges (TC/RCs) in 2023 as rising copper concentrate supply is expected to outpace smelting capacity growth.

Copper concentrate TC/RC hits 6-month low on demand …

The spread between Asia origin, blended copper concentrates and standard clean copper concentrates narrowed from $10/mt TC in September to $2-$3/mt TC Oct. 31. Meanwhile, a number of Chinese smelters have also sought to increase concentrate inventory levels, thanks to higher sulfuric acid prices and copper cathode premiums giving margins a boost.

Modelling Workshop

• Difficult to simplify the revenue calculation • Loses confidence as the price band widens . 8 . Overview . Interactive Analyst Centre . Actual 2014 . Current 2015 Guidance . Steelmaking Coal ... Historic Copper TC/RC . Source: CRU . Copper Concentrates . Treatment Charge & Copper Refining Charge (TC/RC) Copper Concentrates . Payable ...

Estimating copper concentrates benchmark prices under …

Copper concentrates daily prices are modeled using Matlab software employing historical daily official spot and futures data from the two main commodity markets (LME - copper; COMEX - gold and silver) obtained from DataStream as well as historical copper TC/RC benchmark levels from 2004 to 2018 to calibrate the model.

copper concentrate price calculation

2022 copper TC/RC benchmark set at $65/6.5¢ | CRU. This result is consistent with CRU's forecast and reflects a copper concentrates market that is transitioning into a surplus in late-2021 and into 2022, as a …

Looking for Accurate Forecasting of Copper TC/RC …

Copper TC/RC are a keystone for pricing copper concentrates which are the actual feedstock for copper smelters. The potential evolution of TC/RC is a question of both economic and …

China Jiangxi Copper, U.S. Freeport agree 2015 TC/RC at …

HONG KONG, Dec 10 (Reuters) - Jiangxi Copper Company Ltd and U.S. miner Freeport McMoRan have agreed to term treatment and refining charges (TC/RC) of $107 per tonne and 10.7 cents per pound for ...

Copper concentrate marketing 101

In establishing an off-take contract, a mine must not only consider Treatment and Refining Charges (TCs/RCs) and metal payability rates, but also a myriad of other terms which will have an impact on realisation costs and the …

China smelter group raises Q3 copper TC/RC guidance to 6 …

China's top copper smelters agreed on third-quarter guidance for copper concentrate processing treatment and refining charges (TC/RCs) of $95 per metric ton and 9.5 cents per pound, two sources ...

Copper Concentrate Assessments

Platts assessed producer-to-trader copper concs TC/RC differentials at minus $9.60/mt and minus 0.96 cent/lb, respectively, Oct. 23, down 20 cents/mt and 0.02 cent/lb from Oct. 22. As winter approaches, northern China smelters that primarily rely on road-transported copper concs were heard seeing increased spot demand for sea-transported cargoes.

Copper smelters feel pain as treatment and …

The tightness in the copper concentrate market has been reflected in treatment and refining charges (TCs/RCs), which are approaching all-time lows set in April 2021.. Fastmarkets calculated the copper concentrates TC index, …

Copper concentrate TCs still negative: how? And what does …

Alongside this, the London Metal Exchange three-month copper price hit an all-time high of $11,104.50 per tonne on May 20. Fastmarkets heard that the tight concentrate market was among the reasons for this. The big movements in both the TC/RCs and the LME copper price have led to an increased market focus on copper concentrate treatment and refining charges.

Copper concentrate benchmark structure at risk in …

TC/RCs are discounts paid to smelters for turning copper concentrate into refined metal. Typically, the fees drop amid tight supply and increase in a well-supplied market. Most miners and smelters tend to follow an …

The Copper Market, Treatment and Refining …

Treatment and Refining Charges (TC/RCs) are the fees paid to smelters by mines for converting copper concentrate to copper cathode and key revenue source for smelters. Falling TCs are putting pressure on companies …