Asian smelters are unable to secure sufficient raw materials. Therefore, Australian mining company OZ Minerals Limited said in a statement that the cost of smelting copper concentrates into metal will continue to fall.
Spot commodity sales in the second quarter were below US$25/tonne and 2.5 US cents per pound. Spot market prices are expected to fall further.
The annual price for January was US$75/tonne and 7.5 US cents per pound.
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