US physical copper talks hit shipping standoff: Hotter on metals

Sellers of physical copper are holding out for a higher premium for 2022 contracts in the United States.

No major deals were reported by the end of the American Copper Council (ACC) fall meeting in Miami, Florida this past week, although there was talk of a US copper premium in the 10-cents-per-lb range.
In the US, Fastmarkets assessed the copper grade 1 cathode premium, ddp Midwest US at 8-9 cents per lb on Tuesday November 2, stable from the prior week.

The nuances of the domestic market mean that there is no US benchmark but rather a series of contract prices...


Andrea Hotter

November 05, 2021

15:08 GMT