Codelco, China ’13 copper premium may land at $100/T

Nov 19, 2012 | 10:41 AM |

Tags  Codelco, copper, copper cathode, China premium, Beijing Antaike Information Development, 8th Asia Copper Conference, Asia Copper Week

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 Codelco’s 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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