China’s top copper smelters raised the floor treatment charge (or TC) by 20 per cent for the fourth quarter of the year 2019.
- The floor TC set by the top smelters in China stood at USD 66 per metric tonnes, up by USD 11 metric tonnes against the TC in the third quarter of the year 2019.
- The floor charges are the minimum amount that is paid by miners to smelters to deal with the copper concentrate and process it into refined metal.
- China Smelters Purchase Team (CSPT) in Shanghai finalised the price post a quarterly meeting.
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Those phrases have become increasingly common as marijuana legalization spreads.
Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.
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