Truck woes hit US copper users; US premium idle

The copper market in the United States is facing similar headwinds as the rest of the metals complex, with rising trucking costs playing a larger role than in previous years.

But the US premium again was unchanged due to an uneventful spot market, continued growth in warehousing stocks and an abundance of scrap in yards nationwide. The copper cathode premium stood at 5.5-6 cents per lb delivered to the US Midwest on Tuesday February 20, according to American Metal Market’s latest price assessment. That range is the highest since October 2016. "Our total industry is faced with the transportation issue, with [a] lack of trucks and costs increasing," a US-based supplier said. "As for spot business, I...

Published

February 21, 2018

01:20 GMT

Chicago