American Metal Market proposes to launch a monthly price assessment for US copper rod premiums.
The US copper rod premium is being launched to unite coverage of the US copper cathode and US copper scrap markets. Additionally, the US rod market has seen solid growth over the past few years, and there is currently no continuous assessment of the market.
The price assessment is for copper rod in thicknesses of 8 millimeters or 0.3125 inches with a chemical specification of 99.95-99.99% in lot sizes of 25,000 lbs.
A consultation period for this proposed launch will end in one month from the date of this pricing notice, on May 2, 2018, with changes taking place from May 3.
American Metal Market has no financial interest in the level or direction of the price assessment.
To provide feedback on this price, or if you would like to provide price information by becoming a data submitter to this assessment, please contact Dalton Barker at firstname.lastname@example.org. Please add the subject heading FAO: Dalton Barker, re: US copper rod.
To see all of American Metal Market's pricing methodology and specification documents, click here.
Editor’s note: This pricing notice was updated on Friday May 4 to correct the gauge listed for the US copper rod premium assessment.