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News: Oz Minerals says sees copper TCRCS declining in 2016

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    10/02/16
    10:48
    Post #: 16983602

    MELBOURNE, Feb 10 (Reuters) - The CEO of Australia's OZ Minerals (OZL) said on Wednesday that he sees copper treatment and refining charges (TC/RCS) declining in 2016.

    "We're generally seeing a decline in TC/RC's into 2016," Chief Executive Andrew Cole told analysts and reporters on a conference call.

    TC/RCs are paid by miners to smelters to refine concentrate into metal and are a key part of the global copper industry's earnings. The charges are expected to fall this year as global mines cut output due to slumping prices.

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