The US copper cathode premium has logged its first movement since July 2018, widening upward amid expectations of higher demand and shorter supply during the second quarter.
Fastmarkets AMM assessed the US copper cathode premium at 7-7.75 cents per lb delivered to the Midwest on Tuesday March 26, up by 0.25 cents on the high end of the range from 7-7.5 cents per lb previously.While the first quarter was disappointing for many industry participants, spot demand typically increases in the second quarter, with construction activity picking up during the northern hemisphere's spring months."The copper market does seem a bit sluggish. [We] haven't had as many inquiries for spot...