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