Codelco, China ’13 copper premium may land at $100/T
Nov 19, 2012 | 10:41 AM
SHANGHAI The annual premium for copper sold in China by Corporación Nacional del Cobre de Chile (Codelco) could be set at $100 per tonne for 2013, down $10 from levels seen this year and twice the reduction European buyers received, according to market sources.
Spot market copper premiums have traded much lower, but Codelcos premium is unlikely to fall further in China since the Chilean producer initially targeted a premium of $105 per tonne, sources told AMM sister publication Metal Bulletin.....
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