SÃO PAULO Spot market premiums for Chilean grade A copper cathode averaged $82.40 per tonne in the first four months of this year, according to the Chilean copper commission, Cochilco.
Spot agreements for Europe carried the highest premium at $87.90 per tonne, followed by North America at $87.30 and Asia at $73.90. South America and other countries had the lowest average at $50 per tonne.
Grade A copper cathode volumes negotiated in spot contracts totaled 25,842 tonnes in the four-month period, including 9,800 tonnes to North America, 4,742 tonnes to Asia and 4,400 tonnes to Europe.
Weighted supply contract premiums for grade A copper averaged $73.10 per tonne, ranging from $98.80 paid by traders to $49.20 to North America. Volumes negotiated in supply contracts totaled 254,078 tonnes, including 146,853 tonnes to Asia, 28,500 tonnes to North America and 22,600 tonnes to Europe.
A version of this article was first published by AMM sister publication Metal Bulletin.