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Codelco cuts 2016 term premium offer by 18% to $92

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COPPER
The world's biggest copper producer Codelco will offer its customers in Europe premiums of $92/t in 2016, down 18% from $112 this year, reflecting weaker market conditions, two industry sources said on Tuesday. The premium is paid above the London Metal Exchange (LME) cash price to cover physical delivery costs such as transport and insurance.
 
 
 
 
 

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