Codelco cuts annual European copper cathodes premiums to $82/t – sources

Chilean producer Codelco has cut its annual supply contracts for copper cathodes by 11% to $82 per tonne for 2017 from $92 in 2016, the lowest since 2011.

Codelco declined to comment. Aurubis had set a precedent by lowering its annual premiums in Europe to $86 per tonne for 2017 on October 14, down 7% on last year and its lowest offer since it started setting annual...

Published

Mark Burton

Perrine Faye

Vicky Chen

October 27, 2016

07:05 GMT

London