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Codelco cuts Japan 2013 copper premium by nearly 10 pct -sources
November 19, 2012 / 12:50 AM / 5 years ago

Codelco cuts Japan 2013 copper premium by nearly 10 pct -sources

TOKYO, Nov 19 (Reuters) - Chile’s Codelco has offered its Japanese copper customers a 2013 term premium of $85 a tonne, down 9 percent from its 2012 premium of $93, reflecting a slowdown in demand in Japan and the global economy, three sources familiar with the matter said.

The premium will likely be applied to South Korean customers as well, a source said.

The $85 a tonne premium is the same as that of Japan’s Pan Pacific’s for its Chinese customers for 2013 term deals.

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