• TC/RC Glossary Sumitomo Metal Mining Co., Ltd.

    TC/RC. Treatment Charge (TC) and Refining Charge (RC) are common- ly used in the terms of purchase for copper concentrate or nickel ore for refining. They are amounts designed to cover refining costs. For example, copper concentrate contracts may define a purchase price based on the LME price at a certain date, minus the TC or RC being used at

  • Looking for Accurate Forecasting of Copper TC/RC Benchmark

    Nov 22, 2018· The main deductions are applied to the market value of the metal contained by concentrates such as Copper Treatment Charges (TC), Copper Refining Charges (RC), the Price Participation Clause (PP), and Penalties for Punishable Elements . These are fixed by the different parties involved in a copper concentrates long-term or spot supply contract

  • Author: Francisco J. Díaz-Borrego, María del Mar Miras-Rodríguez, Bernabé Escobar-Pérez
  • Annual benchmark copper TC/RCs expected to fall Metal

    Annual benchmark copper TC/RCs expected to fall Analysts expect benchmark copper treatment and refining charges (TC/RCs) for 2016 negotiations between miners and Chinese smelters to decline due to disruptions at mines, delays to some mining projects and cutbacks in production.

  • Freeport agrees 2020 copper treatment charges at $62/T

    Nov 21, 2019· Miner Freeport-McMoRan Inc and China's Jiangxi Copper have agreed treatment and refining charges (TC/RC) of $62 a tonne and 6.2 cents per pound for copper

  • FOCUS: Copper TC/RC concentrate benchmark in China may

    FOCUS: Copper TC/RC concentrate benchmark in China may slip in 2019, BMO says The annual global benchmark for copper treatment and refining charges (TCs/RCs) might show a small fall in 2019 because of the tightening supply of copper concentrates, according to Canada-based financial services provider BMO Capital Markets.

  • ASIA COPPER WEEK 2017: 2018 copper TC/RC benchmark to

    The annual copper treatment and refining charge (TC/RC) benchmark should settle within a range of $80-85 per tonne/8-8.5 cents per lb for 2018, a level that Chinese smelters should find profitable, Nicholas Snowdon, senior metals analyst at Standard Chartered said.

  • Copper concentrate TC/RCs rise further in April on spot

    Spot treatment and refining charges (TC/RC) for copper concentrates firmed moderately in the last two weeks of April, with the market continuing to weigh strong, short-term market availability against potential major disruptions in the coming months.

  • Modelling Workshop Teck

    Nov 04, 2015· Modelling Workshop . November 4, 2015 . • TC/RC is a deduction from payable copper −Theoretically represent what it take to Treatment Charge & Copper Refining Charge (TC/RC) Copper Concentrates . Payable Metals Example . 18 . Price (US$) Assay / Content . Copper (Cu) $5,500 / mt .

  • China copper treatment charges for 2019 to fall as

    XINING, China, Sept 7 (Reuters) Treatment and refining charges (TC/RCs) paid to China's copper smelters are set to drop below $80 a tonne next year as processing capacity expands and copper concentrate falls into a deficit, an influential Chinese research house said on Friday.

  • Mineral Concentrate Marketing Treatment Charges & Penalties

    Mint refining charges are low being only 8.75 cents per troy ounce of gold. COPPER SMELTING. The smelting of copper ores differs from that for lead and other metals in that the operation is done under oxidizing conditions with siliceous slags not conducive to the recovery of lead for which little or no payment is made.

  • UPDATE 2-China copper smelters slash Q3 TC/RC floor, weigh

    Copper miners pay TC/RCs to smelters to process their ore into refined metal and CSPT members in China, the world's top copper consumer, are supposed to adhere to the floor charges in any spot processing deals. Lower minimum charges indicate a tighter copper concentrate market or ample smelting capacity and are good news for miners.

  • Copper smelter Boliden

    TC,RC and Price Participation are negotiated annually between miners the major mines and smelters have agreed the annual terms. Boliden Commercial AB 10 2008-11-04. 3.2 Deductions Refining Charge (RC) RC The price of the raw materials shall be the sum of the values of gold and silver in a copper concentrates for a copper smelter is

  • China copper smelters raise TC/RC floor for Q1 2019

    China’s top copper smelters on Thursday raised their floor treatment and refining charges (TC/RCs) for the first quarter of 2019 by 2.2 percent, sources with knowledge of the matter said.

  • How low can spot TC RCs go

    Recent history of the copper concentrates market suggests that there is plenty of room for further declines of spot TC/RCs in a tight market. In 2011, the copper concentrates market experienced a large deficit and trader-to-smelter spot TC/RCs reached as low as

  • China copper treatment charges hit 8-month high as

    Treatment and refining charges (TC/RCs), paid by miners to smelters to process copper ore into refined metal AM-CN-CUCONC, climbed to $62.50 a tonne and 6.25 cents a

  • MINERAL PRODUCT PRICING STUDY IMF

    steel (“blanks”). Similar to the sulphide ore refining process, an electrical charge is applied to the liquid, causing the copper to attach to the sheets. Over approximately 10 days, the starter sheets fatten to a width of 2.5 centimetres, forming 99.9 percent copper cathodes. This process is

  • Copper concentrate TC/RCs hit 1-year high; Chuquicamata

    Oct 17, 2018· Copper concentrate treatment and refining charges (TC/RCs) rose to their highest in a year as the market gathered in London for LME Week. The Fastmarkets copper concentrate TC/RC index came in at $89 per tonne / 8.9 cents per lb on Monday October 15, and was updated to correct China's copper ore and concentrate imports figure for

  • ON-SITE PROCESSING VS. SALE OF COPPER CONCENTRATES

    Analysis of historical data for treatment and refining charges over the past 20 years indicates that there is a rough correlation of such costs with copper prices: TC/RC/PP have averaged 23 % of the copper price, although there are substantial variations from year to year.

  • Smelting & Refining Terms and Conditions Typical Example

    Metal Payments, Treatment and Refining and Delivery Deduction, and Penalty Items are usually the first and most visible items to change. In the last year, much publicity has been concerned with the low levels of treatment charges and refining charges (TC/RC). Quotational periods and Settlement clauses have also undergone various changes.

  • Commodities Demystified Commodities Demystified

    Commodities trading is one of the oldest forms of economic activity, yet it is also one of the most widely misunderstood. This guide explains the functions and modus operandi of commodities trading firms and their role in organising the global flows of vital materials that underpin economic growth.

  • Copper extraction Wikipedia

    Copper concentrates produced by mines are sold to smelters and refiners who treat the ore and refine the copper and charge for this service via treatment charges (TCs) and refining charges (RCs). The TCs are charged in US$ per tonne of concentrate treated and RCs are charged in cents per pound treated, denominated in US dollars, with benchmark

  • Freeport agrees 2020 copper treatment charges at $62/T

    Nov 21, 2019· Miner Freeport-McMoRan Inc and China's Jiangxi Copper have agreed treatment and refining charges (TC/RC) of $62 a tonne and 6.2 cents per pound for copper

  • Copper Research Suite Wood Mackenzie

    Our copper markets research solutions include: Copper Mine Projects Database provides an overview of global copper projects, comparative data, and an assessment of how likely they are to proceed. Copper Concentrates Service covers concentrate balances, trade flows and TC/RC forecasts.

  • Five copper price trends to watch in 2020 MINING.COM

    Jan 22, 2020· Lower treatment charges (TC) and refining charges (RC) could push some copper smelters below breakeven, said Wood Mackenzie. “A tight concentrate market in 2019 forced TC/RCs to

  • Copper extraction Wikipedia

    Copper concentrates produced by mines are sold to smelters and refiners who treat the ore and refine the copper and charge for this service via treatment charges (TCs) and refining charges (RCs). The TCs are charged in US$ per tonne of concentrate treated and RCs are charged in cents per pound treated, denominated in US dollars, with benchmark

  • Freeport agrees 2020 copper treatment charges at $62/T

    Nov 21, 2019· Miner Freeport-McMoRan Inc and China's Jiangxi Copper have agreed treatment and refining charges (TC/RC) of $62 a tonne and 6.2 cents per pound for copper

  • Five copper price trends to watch in 2020 MINING.COM

    Jan 22, 2020· Lower treatment charges (TC) and refining charges (RC) could push some copper smelters below breakeven, said Wood Mackenzie. “A tight concentrate market in 2019 forced TC/RCs to

  • China copper treatment charges hit 8-month high as

    Treatment and refining charges (TC/RCs), paid by miners to smelters to process copper ore into refined metal,climbed to $62.50 a tonne and 6.25 cents a pound on Monday, as assessed by industry

  • Copper Mail No. 180 February 12, 2020

    Copper concentrate. processed copper ore with an average copper content of about 30 %. Treatment and refining charge (TC/RC) processing fee for converting copper concentrate into copper cathodes. ICSG. International Copper Study Group. CRU. CRU Group, London . Downloads.

  • Freeport agrees 2020 copper treatment charges at $62/T

    Nov 21, 2019· SHANGHAI, Nov 21 (Reuters) Miner Freeport-McMoRan Inc and China's Jiangxi Copper have agreed treatment and refining charges (TC/RC) of $62 a tonne and 6.2 cents per pound for copper concentrate

  • Metal Bulletin launches Copper Concentrates TC/RC index

    Mar 26, 2014· Metal Bulletin has launched an index for copper concentrate treatment and refining charges (TC/RCs) on a cif Asia-Pacific ports basis. Metal Bulletin's Mark Burton outlines the details of the

  • EXCLUSIVE: Antofagasta signs early H1 2020 copper TC/RC

    Antofagasta, Chile’s largest listed copper miner, has agreed to supply China’s two top smelting companies with copper concentrate in the first half of 2020 at treatment and refining charges (TC/RCs) in the mid-$60s per tonne/6s cents per lb, a source with direct knowledge of the matter said.

  • Copper Research Suite Wood Mackenzie

    Our copper markets research solutions include: Copper Mine Projects Database provides an overview of global copper projects, comparative data, and an assessment of how likely they are to proceed. Copper Concentrates Service covers concentrate balances, trade flows and TC/RC forecasts.

  • Zinc Treatment, Refining Charges to Remain High INN

    As zinc supply continues to grow, smelters are charging more and more to process the raw material. Analysts are now projecting that treatment and refining charges (TC/RC) will remain high going

  • CHILEAN COPPER MINING COSTS

    CHILEAN COPPER MINING COSTS Jorge Cantallopts Director of Research and Policy Planning • The decrease in ore grade in Chile has been higher than the world average. TC/RC = Treatment and Refining Charges Slight increase in average own endowments (+ 2%) Cash Cost Cochilco (¢US$/lb)

  • Jiangxi Copper and Freeport set 2020 copper concentrate TC

    SHANGHAI, Nov 21 (SMM) Chinese copper smelters Jiangxi Copper, Tongling Nonferrous Metals, China Copper and US miner Freeport-McMoRan have agreed on the 2020 copper concentrate treatment charges (TC) in their long-term contracts at $62/mt, and refining charges (RC) at 6.2 cent/lb, the lowest since 2012, sources told SMM on November 21.

  • Higher Tc/Rc to benefit Indian copper smelters Business

    Read more about Higher Tc/Rc to benefit Indian copper smelters on Business Standard. In a major relief for Indian copper smelters, global miners have agreed to raise treatment and refining charges (Tc/Rc) by 10% for the first quarter of the current calendar year. Higher Tc/Rc reflects a recovery in copper mine supply after years of

  • Mining Cost Service Smelters CostMine

    Mining Cost Service contains the results of our annual surveys of U.S. and Canadian copper, lead, zinc, nickel and molybdenum smelters. Included where available are the current and projected availability of furnace capacity, the types of material accepted, deleterious element limits, metals recovered, and indications of the company's interest in obtaining additional concentrates.