Codelco Cuts Japanese Copper Premiums

Mining Weekly reported that Chilean miner Codelco has cut Japanese copper premiums for 2013 by 10 percent.

As quoted in the market report:

Chile’s Codelco has offered its Japanese copper customers a 2013 term premium of $85/t, down 9% from its 2012 premium of $93, reflecting a slowdown in demand in Japan and the global economy, three sources familiar with the matter said.

To view the full Mining Weekly report, click here.