Influenced by the Iran incident, gold prices gapped up at the opening of the Asian market yesterday (2nd), according to a report from HSBC Global Research. It is believed that rising oil prices pushed up gold prices, with the premium on the Shanghai Gold Exchange turning positive and reaching USD10 per ounce.

SMM reported that the CSPT team held a general manager's office meeting for the first quarter of 2025 in Shanghai on the morning of March 31, and decide not to set a second quarter copper concentrate spot purchase guidance TC/RC.

According to SMM, the CSPT held its Q1 2025 general manager office meeting in Shanghai on the morning of March 31, deciding not to set a guidance price for spot copper concentrate purchases in Q2.

The CSPT Working Group convened its first quarter general manager's office meeting in Shanghai on March 28, 2024. After discussion, the meeting reached the following five consensuses:

SHANGHAI, Jul 6 (SMM) – The CSPT held its quarterly meeting on July 6, and set the guidance for spot TCs of copper concentrates in Q3 at $95/mt and￠9.5/lb, up from $90/mt and￠9.0/lb in Q2.

According to SMM, the CSPT team held a general manager office meeting for the fourth quarter of 2023 in Shanghai this morning and finalized the spot copper concentrate guidance TCs for the first quarter of 2024 at $80/mt and 8.0 US cents/lb, lower than $95/mt and 9.5 US cents/lb set in Q4 2023.

SMM survey showed that CSPT held the general manager's office meeting in Shanghai this morning.

According to SMM, the CSPT team held its General Manager's Office Meeting for the third quarter of 2024 in Shanghai this morning and finalized the guiding processing fee for spot copper concentrate purchases in the fourth quarter of 2024 at USD 35/ton and 3.5 cents/pound.

China Smelters Purchase Team (CSPT) has finalised the guidance for copper concentrate treatment and refining charges (TC/RCs) in the second quarter of 2023 at $90/mt and $0.09/lb, respectively, sources said.

On July 12, the SMM Imported Copper Concentrate Index (weekly) was $3.24/mt, an increase of $2.11/mt WoW. The pricing coefficient for domestic ore with a grade of 20% was 91%-93%.