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Trafigura brings Australian mined copper back to China -sources

Channel News Asia LogoChannel News Asia3 mo ago

Trafigura brings Australian mined copper back to China -sources - Channel News Asia

Quick Summary:

LONDON : Swiss commodity trader Trafigura has agreed to help Chinese smelters clear imports of copper concentrate from Australia, suggesting an informal ban has been lifted if the cargo clears customs, three sources familiar with the matter told Reuters.

TC/RC is the income received by smelters for turning concentrates into refined copper, which typically rises with higher supply and falls during times of shortages.Pressed for time?

China consumes nearly half of the global mined copper supply estimated at around 25 million tonnes this year.


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Trafigura brings Australian mined copper back to China -sources - Channel News Asia (Picture 1)Trafigura brings Australian mined copper back to China -sources - Channel News Asia (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-11-13 @ 21:20:31 (3 months ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 537 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 17370150

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 101 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 42 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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