| The surcharge that copper buyers are expected to pay to secure the metal in Europe declined to a 15-month low amid weak summer demand and ample supply, according to three people who trade the market. The spot premium is about $90 a metric ton delivered to Rotterdam in the past month, said the people, who asked not to be identified because they aren’t authorized to speak to the media.
That compares with $110 as of July 4. The surcharge, which ranged as low as $75 and as high as $100, is the lowest since April 2013. Traders cited slow demand in Europe as factories shut for summer vacations. Better availability of scrap metal further curbed demand for refined copper, they said...............................................Full Article: Source
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