bullish
Supply Disruptions Drive Copper TC to Three-Year Low; Smelters May Cut Production
SUMMARY
- The copper market has experienced significant changes in the past few months, with supply constraints and increased demand from smelters in China.
- Major incidents, such as the suspension of production at First Quantum's Cobra Panama mine, have contributed to a deficit in the market.
- Treatment and refining charges (TCRCs) have been on a downtrend, reflecting the tight supply and increasing demand, leading to more spot transactions in the market.
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
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