EXCLUSIVE: Codelco offers slice of 2020 copper tonnes to traders via tender

Chilean copper miner Codelco has offered a portion of its expected 2020 copper production to traders in an unexpected tender.

Fastmarkets understands Codelco has offered 48,000-60,000 tonnes of electro-refined copper cathodes, worth up to $348 million at today's prices and premiums, in the tender. Traders will bid premiums on the tonnages on a cif Shanghai basis, but with freight parity options available for delivery by ship to the United States, European ports and Taiwan. The...

Published

Archie Hunter

October 08, 2019

15:32 GMT

London