Stay updated with breaking news from Global Copper Wrap. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Spot copper premiums in United States rose to a new historic high during the week to Tuesday March 29, supported by increased freight costs, while the Shanghai and Southeastern Asia copper markets were reported with minimal spot activity.
Premiums for copper cathodes imported into Asian regions fell in the week to Tuesday June 1, reflecting downward pressure from China’s low copper import premium.
Shanghai copper premiums dipped in the week to Tuesday March 9, with a closed arbitrage between London and Shanghai muting spot interest, whereas European cathode premiums moved to their highest levels in over two years.