The Conversation (0)
Aurubis: Copper Premiums Rise on Lower Copper Inventories
Mar. 21, 2012 12:40PM PST
Base Metals Investing Business Week reported that according Aurubis AG (OTC Pink:AIAGF), lower copper inventories are giving way to higher European premiums for copper.
Business Week reported that according Aurubis AG (OTC Pink:AIAGF), lower copper inventories are giving way to higher European premiums for copper.
As quoted in the market news:
LME copper inventories have dropped 30 percent this year to the lowest level since July 2009, while those tracked by the Shanghai exchange are the highest since at least 2003, according to figures from the bourses. U.S. warehouses hold 78 percent of LME stocks, compared with 14 percent in Europe and about 8 percent in Asia.
