JSW Steel

Cut in Fees for Smelters is a Risk for Domestic Copper Producers

Gold Silver Reports – Cut in Fees for Smelters is a Risk for Domestic Copper Producers | Copper smelters and miners are in a standoff over the annual benchmark rates for copper treatment and refining charges (TC/RCs). India’s custom copper smelters, run by Hindalco Industries Ltd and Vedanta Ltd, will be keenly awaiting the final outcome. Investors should too. These charges are one determinant of their copper division’s profits in the forthcoming fiscal year.

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