Cathode premiums seen pushing copper rod higher
Nov 19, 2010 | 12:16 PM
| Meredith Mazzilli
U.S. copper rod premiums are expected to follow copper cathode premiums higher in 2011, market participants told AMM.
One domestic copper rod buyer, who recently signed a three-month contract, said he was paying just under 12 cents per pound. He heard of rod premiums ranging from as low as 10 cents to as high as 15 cents.
"They are waiting for someone to make the first move," he told AMM. "I will not be surprised if, in the next few months, you see (rod) premiums go up maybe 1 to 2 cents per pound."....
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