Any copper surplus next year is unlikely to emerge until the second half, with the price well supported in the first half, JP Morgan said Thursday. It raised its forecast for the average price in the first quarter by 2% to $7,210/mt, and ...
Tags: JP Morgan, copper surplus, copper
According to Antaike Information, with global copper supply set to increase next year Chinese smelters are likely to hold out for higher treatment and refining charges in the face of a low initial offer from BHP Billiton.
Tags: copper supply, copper market, copper industry, Chinese smelter
Reuters reported that China's large copper smelters are offering 2013 exports of refined cathode at cheaper premiums ranging from about 12% to 21% less as they compete with major suppliers such as top world producer Codelco boosting supply ...
Tags: copper smelters, copper cathodes, premiums