Copper premiums expected to rise in July

Jun 27, 2013 | 01:35 PM | Everdeen Mason

Tags  Copper cathode, premiums, kennecott, lme warehouses, Bingham Canyon, Everdeen Mason

NEW YORK — Copper cathode traders and consumers expect spot market premiums to rise in July, when supplies could tighten, after holding steady in recent weeks.

AMM’s delivered premiums remained at 7 to 9 cents per pound June 26 as the market continued to move slowly. However, market participants said delayed market reaction to Kennecott Utah Copper’s declaration of force majeure following a wall slide at its Bingham Canyon Mine (, May 21) and long queues at London Metal Exchange-listed warehouses will cause delivery premiums to rise.....

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