MELBOURNE, Feb 10 (Reuters) - The CEO of Australia's OZ Minerals OZL.AX said on Wednesday that he sees copper treatment and refining charges (TC/RCS) declining in 2016.
"We're generally seeing a decline in TC/RC's into 2016," Chief Executive Andrew Cole told analysts and reporters on a conference call.
TC/RCs are paid by miners to smelters to refine concentrate into metal and are a key part of the global copper industry's earnings. The charges are expected to fall this year as global mines cut output due to slumping prices.