Fastmarkets extends consultation on Asia-Pacific copper concentrates TC/RC index, proposes gold and silver normalization

Fastmarkets05-27 12:00

The proposal was first published on April 8. The proposal was preceded by an open consultation on the copper concentrated index weighting and gold and silver normalization published on February 3, ...

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The proposal was preceded by an open consultation on the copper concentrated index weighting and gold and silver normalization published on February 3, ...</p>\n\n<a href=\"https://www.fastmarkets.com/insights/fastmarkets-extends-consultation-on-asia-pacific-copper-concentrates-tc-rc-index-proposes-gold-and-silver-normalization/\">Source Link</a>\n\n</div>\n","source":"fastmarkets_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fastmarkets extends consultation on Asia-Pacific copper concentrates TC/RC index, proposes gold and silver normalization</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFastmarkets extends consultation on Asia-Pacific copper concentrates TC/RC index, proposes gold and silver normalization\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-27 12:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fastmarkets.com/insights/fastmarkets-extends-consultation-on-asia-pacific-copper-concentrates-tc-rc-index-proposes-gold-and-silver-normalization/><strong>Fastmarkets</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The proposal was first published on April 8. The proposal was preceded by an open consultation on the copper concentrated index weighting and gold and silver normalization published on February 3, ...</p>\n\n<a href=\"https://www.fastmarkets.com/insights/fastmarkets-extends-consultation-on-asia-pacific-copper-concentrates-tc-rc-index-proposes-gold-and-silver-normalization/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CEF","symbol_name":"Sprott Physical Gold & Silver Trust","start_time":0,"source_url":"https://www.fastmarkets.com/insights/fastmarkets-extends-consultation-on-asia-pacific-copper-concentrates-tc-rc-index-proposes-gold-and-silver-normalization/","article_id":"2638382216","we_media_id":null,"thumbnails":[],"rights":{"source":"fastmarkets_highlight","url":"https://www.fastmarkets.com/insights/fastmarkets-extends-consultation-on-asia-pacific-copper-concentrates-tc-rc-index-proposes-gold-and-silver-normalization/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2638382216","pubTimestamp":1779854400,"columns":[],"sourceInfo":{"source_id":"fastmarkets_highlight","name":"Fastmarkets"},"weMediaInfo":null,"summary":"Fastmarkets is extending the consultation period for its proposed changes to the copper concentrates TC/RC index cif Asia Pacific and is also proposing the normalization of gold and silver payables within the index calculation.","collect":0,"end_time":0,"defaultTopTitle":"fastmarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CEF":"Sprott Physical Gold & Silver Trust","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","KSLV":"Kurv Silver Enhanced Income ETF","GDX":"黄金矿业ETF-VanEck","RING":"iShares MSCI Global Gold Miners ETF","SILJ":"Amplify Junior Silver Miners ETF","GLL":"2倍做空黄金ETF-ProShares","GDXD":"MicroSectors Gold Miners -3x Inverse Leveraged ETN","GOLY":"Strategy Shares Gold Enhanced Yield ETF","IAU":"黄金信托ETF-iShares","SLV":"白银ETF-iShares","SHNY":"MICROSECTORS GOLD 3X LEVERAGED ETN","DGP":"二倍做多黄金ETN(PowerShares)","PHYS":"Sprott Physical Gold Trust","GDXJ":"小型黄金矿业ETF(Market Vectors)","DUST":"二倍做空黄金矿业指数ETF-Direxion","PSLV":"Sprott Physical Silver Trust","BTGD":"STKD Bitcoin & Gold ETF","GLDM":"SPDR Gold MiniShares Trust","BAR":"GraniteShares Gold Shares","XME":"金属与采矿指数ETF-SPDR","GDXU":"MicroSectors Gold Miners 3x Leveraged ETN","GBUG":"Sprott Active Gold & Silver Miners ETF","IAUI":"NEOS Gold High Income ETF","DZZ":"德银黄金两倍做空ETN","SLVP":"iShares MSCI Global Silver and Metals Miners ETF","SGDM":"Sprott Gold Miners ETF","PICK":"iShares MSCI Global Metals & Mining Producers ETF","IAUM":"ISHARES GOLD TRUST MICRO","UGL":"2倍做多黄金ETF-ProShares","SLVR":"Sprott Silver Miners & Physical Silver ETF","DULL":"MICROSECTORS GOLD -3X INVERSE LEVERAGED ETN","GDXY":"YieldMax Gold Miners Option Income Strategy ETF","OUNZ":"VanEck Merk黄金股票基金","GLTR":"abrdn Physical Precious Metals Basket Shares ETF","SIVR":"Abrdn Silver ETF Trust","FGDL":"FRANKLIN RESPONSIBLY SOURCED GOLD ETF","AAAU":"Goldman Sachs Physical Gold ETF","ZSL":"Proshares二倍做空白银ETF","JNUG":"金矿指数二倍做多ETF","AGQ":"2倍做多白银ETF-ProShares","DBC":"商品指数ETF-PowerShares DB","USG":"USCF Gold Strategy Plus Income Fund","UYM":"基础材料指数ETF-ProShares两倍做多","GOAU":"U.S. Global GO GOLD and Precious Metal Miners ETF","TC":"Token Cat Ltd","JDST":"金矿指数二倍做空ETF","SGOL":"Abrdn Gold ETF Trust","SIL":"Silver Miners Etf"},"translate_title":"Fastmarkets延长亚太铜精矿TC/RC指数咨询建议金银正常化","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AGQ":1.5,"GLTR":1.5,"SLV":1.5,"DULL":1.5,"DBC":1.5,"FGDL":1.5,"SGOL":1.5,"USG":1.5,"RING":1.5,"GOAU":1.5,"SILJ":1.5,"DUST":1.5,"DGP":1.5,"GDXD":1.5,"CEF":1.5,"SLVR":1.5,"PHYS":1.5,"IAUM":1.5,"BTGD":1.5,"UGL":1.5,"GBUG":1.5,"GOLY":1.5,"AAAU":1.5,"SGDM":1.5,"GDX":1.5,"SHNY":1.5,"BEGS":1.5,"IAU":1.5,"ZSL":1.5,"TC":1.5,"JNUG":1.5,"JDST":1.5,"GLL":1.5,"IAUI":1.5,"GDXY":1.5,"OUNZ":1.5,"KSLV":1.5,"XME":1.5,"SIVR":1.5,"1OZmain":1.5,"GLDM":1.5,"SIL":1.5,"BAR":1.5,"UYM":1.5,"GDXJ":1.5,"GDXU":1.5,"PICK":1.5,"SLVP":1.5,"PSLV":1.5,"DZZ":1.5},"content_text":"The proposal was first published on April 8. The proposal was preceded by an open consultation on the copper concentrated index weighting and gold and silver normalization published on February 3, 2026.\nThe feedback period has been extended to July 31 with a revised proposed implementation date of September 4, 2026.\nFastmarkets proposes to introduce a dynamic volume weighting of trader and smelter purchases in the final index calculation, adjusted weekly based on reported price and volume data over a rolling six-month period.\nThe extension of this dynamic weighting allows for additional public comment. The following indices are affected:\n\nMB-CU-0287 Copper concentrates TC index, cif Asia Pacific, $/tonne\nMB-CU-0288 Copper concentrates RC index, cif Asia Pacific, US cents/lb\n\nCurrently, Fastmarkets applies a fixed 50:50 weighting for the calculation of the two indices listed above.\nFastmarkets also proposes to normalize gold and silver content and payables within the index calculation to base specifications. Where gold or silver content is below the payable threshold, the reported treatment and refining charges (TC/RCs) may reflect a credit or deduction relative to material at the base specification.\nAs part of the normalization, Fastmarkets will normalize the reported gold and silver content, the applicable deduction or payable threshold, the payable percentage, the prevailing precious metal price on the day of the reported transaction, and standard unit conversions used in the market.\nAs part of this, Fastmarkets also proposes to change the gold (Au) base specification from 1.1g per dmt to 1.0g per dmt, and the silver (Ag) base specification from 75g per dmt to 30g per dmt. The maximum specifications for gold and silver would remain unchanged at 30g per dmt and 350g per dmt respectively.\nThis change came from sustained, unprecedented tightness since late 2023 in the copper concentrates market, fierce competition and the surge in gold and silver prices. \nThe following indices are affected:\n\nMB-CU-0287 Copper concentrates TC index, cif Asia Pacific, $/tonne\nMB-CU-0288 Copper concentrates RC index, cif Asia Pacific, US cents/lb\nMB-CU-0508 Copper concentrates TC implied smelters purchase, cif Asia Pacific, $/tonne\nMB-CU-0510 Copper concentrates RC implied smelters purchase, cif Asia Pacific, cents/lb\nMB-CU-0509 Copper concentrates TC implied traders purchase, cif Asia Pacific, $/tonne\nMB-CU-0511 Copper concentrates RC implied traders purchase, cif Asia Pacific, cents/lb\n\nPlease send any questions or comments by July 31 to pricing@fastmarkets.com and basemetals@fastmarkets.com. Please add the subject heading “Re: Copper Concentrates TC/RC Index.” Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.\nTo see all Fastmarkets pricing methodology and specification documents, go to the Fastmarkets methodology page.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2638382216","isCrawlerRequest":true}