China Copper Treatment Charges Dropping, Barclays Says
This article is for subscribers only.
Chinese copper treatment and refining charges are declining, driven by “extremely poor performance on the mine supply-side” and a lack of scrap supply, Barclays Capital said in a report.
Charges that reached 31 cents a pound in May fell to as low as 6 cents in the spot market this month, New York-based Barclays analyst Nicholas Snowdon said today.