GLOBAL COPPER WRAP: Premiums unchanged in run-up to holiday season

Global copper premiums were largely unchanged on Tuesday December 5, with activity in the spot market minimal while participants finalize 2018 annual supply contracts before the holiday season arrives.

  • US spot market still quiet but activity could pick up in 2018
  • Focus in EU, Europe on annual deals for 2018
  • London-China arb window closed; LME three-month prices slump
US copper premiums were little changed week on week. The Midwest copper cathode premium held at 5.25-5.75 cents per lb on Tuesday, according to American Metal Market’s latest assessment.

Contract negotiations for supply next year have progressed at a slower rate than usual due to flat costs...

Published

Archie Hunter

Dalton Barker

December 06, 2017

15:54 GMT

London, Chicago