Copper Miner Antofagasta Seeks to Link Ore Sales to Spot Market
Chile’s Antofagasta Plc has approached Chinese copper smelters with a proposal to price contractual sales of copper ore using spot-market indexes, a fresh sign that a decades-old system based on...
By Julian Luk · Bloomberg Markets
Chile’s Antofagasta Plc has approached Chinese copper smelters with a proposal to price contractual sales of copper ore using spot-market indexes, a fresh sign that a decades-old system based on fixed-price deals is under strain.