Codelco ups 2011 China copper premium 35 pct on demand hopes

Reuters reports that Codelco, has hiked its 2011 copper premium for buyers in China by 35 percent.

The market news is quoted as saying:

Codelco has offered Chinese buyers a premium of $115 a tonne over London Metal Exchange copper prices in 2011, against $85 this year, Santiago-based traders with knowledge of the talks and buyer sources in China said on Monday.

Click here to access the entire news