Trade Review: Asian copper concentrate TC/RCs brace for uncertain Q1 on low demand, supply woes

Asian demand for copper concentrates will likely be squeezed in the first quarter as several regional smelters undergo maintenance, while clean copper concentrate output is expected to lag consumption, placing downward pressure on treatment and refining charges. Major Japanese smelters will undergo maintenance in the first half of 2023, according to market sources. Daye Nonferrous will upgrade 600,000 mt/year production…