Codelco targeting higher cathode premiums

Oct 09, 2013 | 10:40 AM | Andrea Hotter

Tags  Codelco, Thomas Keller Lippold, copper, copper premiums, Aurubis, Andrea Hotter

LONDON — Chilean miner Corporación Nacional del Cobre de Chile (Codelco) is still in discussions with its customers over premiums for 2014 copper cathode supplies, but an increase from previous levels is the Chilean producer’s key target, according to chief executive officer Thomas Keller Lippold.

"We don’t discuss our negotiations publicly. But clearly there’s an increase. If you look at what’s been happening over the past couple of months, there’s been quite a significant increase over the levels discussed last year," Keller told AMM. "That’s not only in Europe—what we’re witnessing in terms of actual premium levels being recorded in the spot market, including in Asia."....

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