As of Wednesday June 21, the SMM Imported Copper Concentrate Index (Weekly) stood at $91.1/mt, $0.55/mt higher than June 16. During the week, SMM understood that there was a deal between a smelter and a trader for 20,000 mt of clean ore with TCs of $92/mt, scheduled for loading in August. Inquiries of smelters for clean ore scheduled for loading in August currently stand at $95/mt, while offers by traders exceeded $88/mt. The price coefficient of Cu 20% domestic ore stood at 88.5-89.5%.

SMM understood that a fire broke out at Boliden's Ronnskar copper smelter in northern Sweden on Tuesday June 13. The Swedish emergency service said that the fire in Skelleftehamn is still continuing and there is still a risk of spreading. At present, the fire has not caused casualties. The fire at the Ronnskar copper smelter only resulted in shutdown of the refining capacity which is expected to resume production within a few weeks, while the smelting capacity is still in normal production. The Ronnskar copper smelter has a smelting capacity of 220,000 mt and its copper output in 2022 stood at 218,000 mt.