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Home Steel News Chile’s Codelco plans to end long-term copper contracts with Chinese clients from 2025
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Chile’s Codelco plans to end long-term copper contracts with Chinese clients from 2025

21 Sep 2023 11:08 reported by Joy Liu

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Corporación Nacional del Cobre de Chile (Codelco), the state-owned copper mining company in Chile, planned to end long-term contracts to sell copper concentrate to Chinese clients from 2025.

It was understood that Codelco hopes to replace exclusively copper concentrate trading with other deals that include concentrate and value-added intermediate products such as blisters and anodes derived from the concentrate, which can be converted into cathodes or copper metal.

Some Chinese customers expressed their opposition to the changes but will have to accept negotiations for new contracts including intermediates because they will need Codelco's concentrates if there are any deficits in the future.

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Metal Price Index

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  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug2500260027002800
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  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug800085009000950010,00010,500
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