Tighter copper supply and an increase in refining capacity in top-consumer China should result in lower treatment and refining charges (TC/RCs) by smelters, the chief of Chilean miner Antofagasta told Reuters on Monday.
“The fundamental market conditions are indicative of a deficit and that should mean that the TC/RCs fall. That’s the logic that should prevail,” Ivan Arriagada told Reuters on the sidelines of an event.
