China copper smelters skip Q4 TC/RC guidance; cuts discussed
China’s top copper smelters agreed not to set Q4 guidance for copper concentrate processing fees, sources said, while discussing production cuts amid a feedstock shortage.
China's leading copper smelters agreed on Tuesday not to issue fourth-quarter guidance for copper concentrate processing fees, sources said, as they discuss production cuts amid an acute shortage of feedstocks. It is the seventh straight quarter that the smelters have not provided the indicator.