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Exclusive: Codelco to seek to cut 2013 copper premiums to Asia by about $5 - source

published Fri, Sep 28 2012 15:33 GMT
SANTIAGO (Reuters) - Codelco, the world's No.1 copper producer, will seek to reduce 2013 physical copper premiums to Asian buyers by about $5, while its European rate will likely be held or trimmed by a smaller amount, a source linked to the company told Reuters. The possible offer of a roughly $105 premium per tonne for Chinese clients over cash London Metal Exchange copper prices comes as international mining companies fret about a sag in demand from top metals consumer China. ...

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