Copper premiums could soar 30%: Barclays

Nov 13, 2013 | 01:40 PM | Andrea Hotter

Tags  copper premiums, Barclays Capital, Nicholas Snowdon, American Copper Council, London Metal Exchange, Corporacion Nacional del Cobre de Chile, Codelco, Aurubis Andrea Hotter

MIAMI — Physical copper premiums could rise as much as 30 percent in 2014 as Chinese financing demand increases, according to a senior analyst at Barclays Capital Plc.

China has surprised with the strength of its recent demand, driven by renewed import financing, Nicholas Snowdon said during an American Copper Council meeting this week in Miami. He added that was the reason why cancellations have soared in....

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