NEWSBREAK: Codelco raises 2019 copper premium in China by 17%, adds flexible terms – sources [CORRECTED]

Codelco has offered its Chinese customers copper cathode supply in 2019 at a premium of $88 per tonne, a 17% increase on this year’s level, Metal Bulletin has learned.

“The number declared as benchmark for all [Chinese customers] is $88,” a source with direct knowledge of the matter said late on Tuesday September 25. The premium is up from $75 per tonne in 2018 and is the highest level since 2016. The Chilean copper producer has already concluded a couple of supply contracts...

Published

Perrine Faye

September 26, 2018

09:24 GMT

London