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Reductions in concentrate supplies, SMM reports, citing negotiations between the procurement team at Chinese factories. As a reminder, spot TC/RCs in China turned negative in mid-2025 on the back of recent supply disruptions at major mines.
In addition, China's plans to expand new smelting capacity by 2 million tonnes per annum have been suspended
Given both short-term and long-term positive market indicators, we remain positive on and we expect prices to reach 12,300 per tonne in 1h26
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Azovpromstal® 2 December 2025 г. 17:00 |
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