Cu processing fees to stay robust: Sesa Sterlite

摘要

Sesa Sterlite Ltd, India's largest copper refiner, said it expects charges to treat and refine copper concentrates to remain robust on rising extraction of the metal from existing and upcoming mines. The company's copper treatment and refining charges (TC/RC) in the three months ended March 31 rose a quarter to 18.5 cents per pound, it said in its results statement. Global miners or trading houses pay TC/RC to smelters to convert concentrate into refined metal, with the charges deducted from the sale price, based on London Metal Exchange copper prices.