Aurubis puts Europe copper premium at $105/T for 2014

Sep 27, 2013 | 10:18 AM | Mark Burton

Tags  Aurubis, copper premiums, benchmark premiums, Codelco, Mark Burton

LONDON — Aurubis AG has offered customers in Europe a premium of $105 per tonne ex-works for copper cathode to be supplied in 2014, up from $86 this year, a company spokeswoman said Sept. 26.

The proposed $19 jump in 2014 terms corresponds to sustained strength in spot copper premiums seen in the region throughout the year.

AMM sister publication Metal Bulletin’s in-warehouse Rotterdam copper premiums have held above $100 since the start of May, when smelter outages, mine disruptions and port delays caused a temporary supply shock in the European market.....

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