Chilean mining giant Antofagasta recently signed its first major concentrates supply deal for next year with the China-based Jichuan Group. Although it is still unclear if the terms of the new deal will form a yearly benchmark for other deals amid a changing copper-concentrates landscape, it will most likely be impacted by an unforeseen but welcome fall in headline treatment and refining charges (TC/RCs)
Treatment and refining charges refer to the costs involved in converting mineral concentrates into refined metal at a smelter. This conversion from raw concentrate to…
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