Continued supply concerns in the US copper rod market have prompted higher offers for material - and put pressure on domestic premiums, market sources told Fastmarkets AMM.
Fastmarkets AMM's assessment of the US copper rod premium was unchanged at 15-17 cents per lb delivered to the Midwest on Thursday April 4; the premium has remained at that level since January 3. Production issues at Asarco - combined with planned maintenance outages at Freeport-McMoRan and Rio Tinto Kennecott - have tightened domestic copper rod supply, driving consumers in the US...