The premium for copper cathodes in the United States has moved for the first time since May 14, widening downward amid ample supply and a slowdown in spot trading.
Fastmarkets AMM assessed the US copper cathode premium at 7.25-8 cents per lb delivered to the Midwest on Tuesday June 25, widening from the previous range of 7.5-8 cents per lb.Market sources credited strong supply and muted demand for the decline, while some also speculated that sellers may be discounting metal as the end of the month approaches."[The premium] has widened...