Market participants gathered at the 2020 international zinc zinc oxide conferences in scottsdale arizona in the united states this past week for the annual contract benchmark talks along with all the sources with whom fastmarkets has spoken agree that this year s tcs charges paid by miners to smelters to process ore into refined metal will be significantly higher than in 2019.
Zinc spot treatment charges.
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Spot treatment charges tcs for zinc concentrate in china have fallen to a one year low on tightening supply as mines around the world shut amid government enacted measures to contain the.
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.
Fastmarkets assessed the lead spot concentrate tc high silver cif china at 180 200 per tonne on friday february 28 up 30 from 150 170 per tonne the previous month.
Washington the benchmark zinc treatment refining charge is expected to rise significantly year on year in 2019 according to analysts based on a surge in zinc concentrate supplies as well as sharply higher chinese spot tc rcs.
Last year korea zinc relented to a 15 percent dip in annual processing fees for 2017 because of dwindling supply.
Treatment charges tcs for spot lead concentrates have continued to rise with smelters cherry picking deals with terms as high as 200 per tonne.
The more than a decade high tc is a strong incentive for zinc smelters to produce as much metal as they can hobbs said.
China is a top producer and consumer of zinc followed by peru australia u s.
Reut rs 39cvt4r london march 25 reuters this year s benchmark zinc smelter treatment charges have been set at a 12 year high of 299 75 per tonne.
Zinc treatment charge benchmarks.
Korea zinc inc agreed to set the annual treatment charges to 172 per ton with canada based zinc miner teck resources.
Feb 21 2020 06 07 am new york rijuta dey bera tags zinc lead zinc concentrate lead concentrate zinc benchmark tc lead benchmark tc international zinc association iza treatment charges this year s annual benchmark treatment charges tcs for zinc and lead concentrate are expected to rise due to high supply and the novel coronavirus 2019.
South korea is known.
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