Bleak times for copper smelters as conversion fees slump
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 13 2024
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Should l Buy ?
Source: Reuters
Copper Smelting Sector Challenges: The global copper smelting sector is facing unprecedented challenges due to a significant drop in treatment charges, with benchmarks falling to the lowest levels in 20 years, driven by excessive smelter capacity and competition for raw materials.
Impact of Global Supply Dynamics: While mine supply is expected to grow, the simultaneous squeeze on both mined concentrates and scrap availability, particularly influenced by potential U.S. tariffs under the incoming Trump administration, poses a tough challenge for Chinese smelters, risking their survival.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
