Zinc and lead concentrate treatment charges (TCs) declined in January amid illiquid market conditions, with the Chinese Lunar New Year limiting trade and concerns building that the effects of coronavirus will cap market demand.
Fastmarkets' assessment of zinc concentrate TC, cif China, dropped to $285-310 per tonne on January 31, from a multi-year high of $285-315 per tonne the month prior.Mining companies, which had to delay cargoes for logistics reasons last year, have carry-over tonnes heading to customers in January, but others are holding onto stocks...