Reported about 10 hours ago
Chinese copper smelters have reached a surprising agreement with Antofagasta to process copper concentrate at a processing fee of $0, marking a record low for the industry. This deal comes amidst a severe shortage in copper concentrate supply, which is crucial for the production increasingly needed for clean energy technologies. Despite the low fees, smelters have not significantly cut production due to revenue from byproducts offsetting some losses.
Source: YAHOO