More copper smelters are likely to reduce capacity amid record-low spot treatment and refining charges (TCs/RCs), the chief executive of Chile-based copper miner Antofagasta Minerals said

A small deficit is emerging in the refined copper market, reversing consensual expectations a year-ago for a relatively balanced market in 2024, according to the chief executive of Chile-based miner Antofagasta Minerals

Antofagasta Minerals has secured two seats on the board of Peruvian miner Buenaventura and continues to focus on growing in copper in the Americas, the Chile-based miner’s CEO Iván Arriagada told Fastmarkets in a recent interview

Global copper market participants will descend upon the Chilean capital of Santiago for the annual CESCO Week industry gathering

Metal exchanges will be prohibited from accepting these metals from Russia, said releases from the US and UK governments on Friday April 12

The most recent financial results published by base metals mining companies highlight just how inflation is affecting profit margins, with increasing wages, financing costs and input prices all hitting profits, sources told Fastmarkets in the week to Thursday March 28

Participants in the copper concentrates market are struggling to comprehend an “unstoppable” decline in treatment and refinement charges (TC/RCs), with every week bringing spot deals at fresh lows and rumors each “crazier” than the last, sources have told Fastmarkets

The US Department of Energy selected five base metals projects to receive more than $900 million in federal investment from its Industrial Demonstration Program (IDP), leading to a reduction of four million tonnes of carbon dioxide emissions annually, according to a statement by the Department on Monday March 25

The publication of Fastmarkets’ US base metals prices were published early during the week of March 11-15 following the daylight saving time change in the US on March 10.

The recent decline in spot copper concentrates treatment and refining charges (TC/RCs) is startling, with Fastmarkets’ indices falling 38.87% month on month to a record low in February and still falling. But what lies behind the slump, and can anything be done to halt the slide? Fastmarkets investigates