Premiums reveal market distortion: Luvata
Apr 10, 2013 | 01:34 PM
| Andrea Hotter
SANTIAGO, Chile Physical copper premiums dont reflect market fundamentals, an indication that "the copper value chain is broken," according to Luvata vice president of metals Ian Scarlett.
"We would like premiums to reflect the business environment supply-demand cycles and not to be complicated by structural games," he said at the Center for Copper and Mining Studies annual Cesco Week in Santiago. "At a time of increasing surplus, were seeing material being restricted and premiums increasing, which is not logical."....
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