Zinc Spot Treatment Charge

London reuters korea zinc inc and teck resources ltd have agreed annual concentrate treatment charges of about 245 a ton 67 percent higher than last year as mine supply ramps up two.

Zinc spot treatment charge.

London reuters this year s benchmark zinc smelter treatment charges have been set at a 12 year high of 299 75 per tonne according to fastmarkets. Spot tcs or fees that miners pay smelters to process zinc ore into refined metal have climbed relentlessly in 2019 to an 11 year high of 290 a tonne as fast rising mine supply overwhelms limited smelting capacity. According to metal bulletin the zinc concentrate tcs dipped to 10 per ton in january to a 10 30 per ton level. Zinc concentrate treatment charges tcs rose for the second consecutive month in july after hitting a 19 month low in may with spot availability increasing slightly.

The charges am tc50 zncon paid by zinc miners to smelters to process concentrate into refined metal on short term contracts slipped to 255 a tonne on tuesday the lowest since april 16 2019. The more than a decade high tc is a strong incentive for zinc smelters to produce as much metal as they can hobbs said. Benchmark treatment charges the fees miners pay smelters to process their ore are usually settled between major smelters and miners at the international zinc conference which took place last.