The charge marks a record for Codelco. Aurubis, the biggest supplier of copper in Europe, also raised its premium to a record $347 a ton for the same period, according to a Bloomberg report.
Wednesday, October 21, 2026
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Codelco Sets Record $350 a Ton Copper Premium for Europe
Commodities16 hours ago
The largest copper mining company in Chile concluded price negotiations with several of its European clients this week to establish delivery terms for the coming year. Codelco will charge a premium of $350 a ton to supply customers in the region throughout next year, a person familiar with the matter said, adding this amount to the market price of copper traded on the London Metal Exchange.
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