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Fastmarkets · Global · Copper treatment charges hit zero for the first time ever as smelter capacity outstrips mine supply
Reports that Freeport McMoRan is targeting 2026 copper concentrate terms above $21.25/t benchmark with a floor-cap system at LME Week, signalling that miners are seeking to protect upside while smelters negotiate for any positive floor they can secure.
“Freeport targets 2026 copper concentrate terms above $21.25 benchmark with floor-cap system.”