Copper warehouse finance deals taking off, analyst says

Apr 25, 2013 | 01:31 PM | Andrea Hotter

Tags  copper, financing deals, warehouses, LME, Edward Meir, INTL FCStone, Andrea Hotter

WASHINGTON — Copper financing deals are starting to increase despite the relatively poor returns compared with aluminum, a senior analyst at INTL FCStone Inc. said.

Currently, the cash-to-April spread on London Metal Exchange copper prices is in a contango of $97, which is equivalent to a return of 1.4 percent, senior analyst Edward Meir said.....

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