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Copper Miner Antofagasta Seeks to Link Ore Sales to Spot Market

Copper Miner Antofagasta Seeks to Link Ore Sales to Spot Market
Bloomberg Markets Wednesday 17 June 2026, 16:25 UTC By Julian Luk 1 min read
Key Points

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 fixed-price deals is under strain. The proposal was delivered recently to at least two Chinese smelters as part of talks for shipments for semi-processed ores known as concentrates in the second half of this year and first half of 2027,...

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 fixed-price deals is under strain. The proposal was delivered recently to at least two Chinese smelters as part of talks for shipments for semi-processed ores known as concentrates in the second half of this year and first half of 2027, according to people familiar with the matter, who asked not to be named discussing a commercial matter. [Image text:] ANTOFAGASTA MINERALS
Copper Miner Antofagasta Seeks (ORG) Spot Market Copper (ORG) Spot Market Chile’s (ORG) Antofagasta Plc (ORG) Chinese (ORG)
Originally published by Bloomberg Markets Read original →

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