Codelco Raises 2018 Copper Term Premiums to European Buyers for First Time in Four Years

Published: Oct 30, 2017 13:36

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Codelco, the world’s top copper producer, raised copper term premiums to customers in Europe for shipments in 2018, making the first hike in four years, according to sources from the LME Week.

SHANGHAI, Oct. 30 (SMM) – Codelco, the world’s top copper producer, raised copper term premiums to customers in Europe for shipments in 2018, making the first hike in four years, according to sources from the LME Week.

The hike indicates strengthening of confidence over consumption in Europe.

The company set its term premium to European customers in 2017 at $82/tonne.

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