US market mixed on Codelco copper premium increase

While copper cathode sellers welcomed the news that Chilean miner Codelco was raising its annual US copper cathode premium for 2020 supply, consumers expressed skepticism about the increase.

Codelco increased its annual US copper cathode premium to 3.1 cents per lb, up from 2.5 cents per lb previously and the benchmark's highest since 2016, sources told Fastmarkets on Tuesday October 1. While sellers of copper cathodes welcomed that news, buyers and consumers questioned the timing of the increase, citing economic uncertainty given the trade war between the United...

Published

Rijuta Dey Bera

October 03, 2019

14:30 GMT

New York