Indian Copper Smelter Closure Jacks up Asian Premiums to Five Month High

Reuters reported that Asian copper processing premiums are hitting five month highs as India’s largest smelter remains closed over environmental issues.

As quoted in the market report:

Rising fees are likely to encourage some smelters in Asia to boost refined metal production, potentially swelling London Metal Exchange stocks which are already perched near decade highs.

To view the whole Reuters report, click here.