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China’s premium for copper cathode imports increased after the country’s golden week holiday from September 29 to October, supported amid favorable import conditions, while the premium in the US copper market came under pressure due to excess supply, sources said
Stocks rise only by 9% against earlier expectations of 12-14% increase
Holidays in key Asian black mass trading centers such as China and South Korea have limited purchasing over the last week but suppliers are holding their offers at firm levels, sources told Fastmarkets
The London Metal Exchange (LME) is trialing the expansion of its closing price methodology across five of its base metals contracts ahead of launching next year, the exchange’s chief executive officer told Fastmarkets
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