Japan, Spain, and South Korea have issued a rare joint statement voicing alarm over the steep decline in copper treatment and refining charges (TC/RCs), warning that the current market conditions threaten the sustainability of both smelters and miners
The statement — released following an online meeting of the three countries’ industry ministries — comes amid mounting pressure on global copper smelters, who face shrinking profit margins due to tight concentrate supplies and growing smelting capacity in China
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Source and Credit: mining.com
