Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Copper Treatment and Refining Charges Fall, Aurubis CEO Says

Copper treatment and refining fees have fallen to $30 to $40 a metric ton and 3 cents to 4 cents a pound this month, said Aurubis AG, the second-biggest refined copper producer.

The spot market fees compare with more than $50 a ton and 5 cents a pound in February. Agreements under long-term contracts are unchanged at $63.50 a ton and 6.35 cents a pound, the rates set for the year.

“There is not so much spot business at the moment,” Peter Willbrandt, chief executive officer of the Hamburg-based company, said in a phone interview yesterday. “We foresee the spot TC/RCs will increase during the next couple of weeks” as Freeport McMoran Copper & Gold Inc.’s Grasberg mine resumed operations and more concentrate is available. Copper smelters in South America may face disruptions too, he said.

Production at the Grasberg mine, which contains the world’s biggest recoverable copper reserve, was cut in 2011 because of a three-month strike that ended in December. The company resumed mining and milling operations last week after a temporary halt on Feb.23.

“After the Grasberg mine has restarted, the pressure on the market will ease,” Willbrandt said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.