Despite falling LME copper prices, copper concentrate stocks have dropped as a result of several mine closures. Mining firms pay smelters to process copper concentrate. BHP has agreed to pay $.072 per pound to Japanese smelters, a rise of $.002 per pound from January’s price levels.
BHP might consider itself lucky with this 3 percent increase, as more supply has come on stream (and more will go through processing).
The copper 3-month price experienced the biggest price decline of the day, dropping 2.3 percent on the LME to close at $7,150 per metric ton. The primary copper cash price weakened by 2.2 percent on the LME, settling at $7,120 per metric ton.
The price of U.S. copper producer grade 122 declined 0.8 percent. The price of U.S. copper producer grade 110 fell 0.8 percent. The price of U.S. copper producer grade 102 saw a 0.7 percent decline. The cash price of primary Japanese copper fell 0.3 percent to the $7400 per metric ton range.
Chinese copper prices closed flat for the day. Chinese copper bar saw little change in its price yesterday. The Chinese copper cash price held steady in the $8900 per metric ton range. Chinese copper wire stayed flat. The price of Chinese bright copper scrap saw essentially no change for the fifth day in a row.
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
BHP Caps Copper Processing Fees As Copper Prices Drop Slightly
Published 06/12/2013, 04:19 AM
Updated 07/09/2023, 06:31 AM
BHP Caps Copper Processing Fees As Copper Prices Drop Slightly
Latest comments
Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.