Demand, freight rates could boost US copper premiums

The copper market in the United States is consistently receiving signs that the industry overall is healthier than it has been over the past few years and that demand could spark a rise in premiums.

The US copper cathode premium was unchanged at 5.25-5.75 cents per lb delivered to the Midwest on Tuesday January 23, where it has remained since November 21, according to American Metal Market's assessment.
"Haven't seen anything change yet, but we have been getting positive signs from the market," one US-based trader said. "Construction really seems to be booming and hasn't slowed down from the weather."

This was not the case last year after a series of issues...


Dalton Barker

January 24, 2018

01:25 GMT