Euro spot copper premiums slide; contract talks in focus
Sep 04, 2013 | 06:44 PM
| Mark Burton
LONDON Spot copper premiums are easing back toward $100 per tonne in the European market as scrap supply improves and traders offer material more freely, sources told AMM sister publication Metal Bulletin.
Metal Bulletins in-warehouse Rotterdam copper premiums fell to $105 to 130 per tonne Sept. 3, down from $120 to $140 at the end of August and eight-year highs of $160 in mid-July.
The decrease in premiums has coincided with a moderate rally in outright copper prices on the London Metal Exchange over the past month that has taken copper prices above the $7,000-per-tonne threshold.....
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