SMM Copper Concentrate Index in May rose in May
- Jun 26, 2023, at 2:38 pm
The SMM Copper Concentrate Index in May rose by $4.49/mt on the month to $87.87/mt. The SMM Imported Copper Concentrate Index (weekly) for the week ending June 9 was $89.93/mt. In May, copper concentrate offers were more active than inquiries in the spot market, and the overall supply exceeded demand. Mines and smelters struck deals for TCs of clean copper concentrates at around $85/mt for shipment in July, compared to $75-79/mt between mines and traders.