Decision to amend specifications of US copper cathode premium, all-in price

After a month-long consultation period, Fastmarkets is amending the below specifications, following no negative feedback from market participants and internal data analysis.

The following changes will take place:

• The quality of the all-in price now includes both specifications from the London Metal Exchange and American Society for Testing and Materials, matching the current quality specifications listed under the copper cathode premium
• The location of both assessments is now “ddp US Midwest”
• The unit of both assessments is now “US cents per pound”

The new specifications are as follows, with amendments in italics:

MB-CU-0002 Copper grade 1 cathode premium, ddp Midwest US, US cents/lb 
Quality: Grade A 99.9935% min copper cathode conforming to LME specifications BS EN 1978:2022 – Cu-CATH-1 or Grade 1 Electrolytic Copper Cathode ATSM B1115-10 
Quantity: Min 25 tonnes
Location: ddp US Midwest
Timing: Within 4 weeks
Unit: US cents per pound 
Payment terms: 30 days, other payment terms normalized
Publication: Weekly. Tuesday 3-4pm London time

MB-CU-0309 Copper grade 1 cathode all-in price, ddp Midwest US, US cents/lb 
Quality: Grade A 99.9935% min copper cathode conforming to LME specifications BS EN 1978:2022 – Cu-CATH-1 or Grade 1 Electrolytic Copper Cathode ATSM B1115-10
Quantity: Min 25 tonnes
Location: ddp US Midwest
Timing: Within 4 weeks
Unit: US cents per pound 
Payment terms: 30 days, other payment terms normalized
Publication: Daily

These prices are a part of the Fastmarkets base metals package.

To provide feedback, or if you would like to provide price information by becoming a data submitter to this price, please email pricing@fastmarkets.com. Please add the subject heading “FAO: Rae Boyadjis, re: US Copper prices.”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets’ pricing methodology and specification documents go to https://www.fastmarkets.com/methodology.