China smelter group agrees to lower Q1 copper charges
The charges tend to fall when ore supply declines and rise when more concentrate is available.
Dow Jones, via Fox News, reports that BNP Paibas analysts are cutting their outlook for base metal prices.
The bank cut its forecasts for this year for the entire base metal complex, while also downgrading its full-year 2012 outlook for copper, lead, tin and zinc. It also downgraded its 2013 outlook for aluminum, lead and zinc.
