Strike at Chilean ports lifts copper premiums to Asia

Apr 05, 2013 | 10:50 AM | Carolina Guerra

Tags  Chilean copper, copper, port strike, copper premiums, BHP Billiton, Xstrata, Codelco, Carolina Guerra

SÃO PAULO — Premiums for Chilean copper delivered to Asia are likely to rise to more than $100 per tonne c.i.f. as a result of the strike at the country’s ports, AMM sister publication Metal Bulletin has been told.

"Regular premiums to Asia are at $95 per tonne ... there was a bid for 500 tonnes at $112 per tonne c.i.f.," one trader in Chile said. ....

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