www.bloomberg.com
Codelco, the Chilean copper giant, is seeking substantial increases in annual premiums for refined copper sold to Chinese buyers. This move reflects worries that a surge in copper demand from the United States, fueled by supportive policies and infrastructure projects, could lead to a supply crunch in other markets, particularly China. The increased premiums aim to compensate for the potential diversion of copper to the US, ensuring sufficient supply and stable prices for Codelco’s Chinese customers amid anticipated global market shifts.
