Kennecott hikes premiums in face of copper volatility

Dec 16, 2004 | 12:52 PM | Julie Bresnick

Kennecott Utah Copper Corp.'s electrolytic copper cathode premiums for the first quarter of 2005, published Wednesday, are significantly higher than fourth-quarter levels.

The Magna, Utah,-based company's premiums over the primary copper price on the Comex division of the New York Mercantile Exchange rose between 1.4 and 1.7 cents a pound to put all but two locations at more than 7 cents a pound.....

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