Tag: global refined copper surplus

Codelco raises 2027 European copper premium by 7.7% to a record $350/t US stockpiling and mine disruptions tighten supply despite projected global surplus Chile’s state-owned copper producer Codelco has offered European customers a record premium of $350/t for 2027 copper cathode deliveries, up from $325/t in 2026. The move follows Aurubis’ $347/t offer, a 10.2%…