Chilean Copper producer raises premium due to supply shortage – Commerzbank
According to reports, Chile's largest Copper mine producer plans to significantly increase its premium for key European customers, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.

According to reports, Chile's largest Copper mine producer plans to significantly increase its premium for key European customers, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.

Chile’s top Copper producer hikes premium amid supply disruptions

"Sources familiar with the talks report a premium of $325 per ton, which would represent a significant increase on the premium for physical Copper deliveries of around $230 per ton in recent years. The reason for this is likely to be tighter supply after the company struggled with production disruptions."

"This year, the company's output is around 10% below last year's level. In August alone, it recorded a 25% drop in production, which is likely to be due to the production stoppage at the important El Teniente mine following an accident."

"According to the relevant regulatory authority, it will take several months to investigate the incident, so it is unclear when the mine will be able to resume full operations. This is likely to support supply concerns and thus also limit the downside potential for the Copper price in the short term."

FXStreet
Trade The World
Higit sa isang milyong user ang umaasa sa FXStreet para sa real-time market data, charting tools, expert insights, at Forex news. Ang komprehensibong economic calendar at educational webinars nito ay tumutulong sa mga trader na manatiling may alam at gumawa ng kalkuladong mga desisyon. Sinusuportahan ang FXStreet ng humigit-kumulang 60 propesyonal sa pagitan ng Barcelona HQ at iba’t ibang rehiyon sa buong mundo.
Read More

LIVE QUOTES

Name / Symbol
Chart
% Change / Price
XAUUSD
1 D change
+0%
0
XAGUSD
1 D change
+0%
0
XPTUSD
1 D change
+0%
0

ALL ABOUT GOLD

Galugarin ang Higit pang mga Tool
Trading Academy
Mag-browse ng malawakang hanay ng mga educational na artikulo na sumasaklaw sa mga trading strategy, market insights, at financial fundamentals, lahat sa isang lugar.
Matuto pa
Mga Kurso
Galugarin ang mga structured na trading course na idinisenyo upang suportahan ang inyong paglago sa bawat yugto ng inyong trading journey.
Matuto pa
Webinar
Sumali sa mga live at on-demand na webinar upang makakuha ng real-time na market insights at trading strategies mula sa mga eksperto sa industriya.
Matuto pa