An Aurubis spokesperson mentioned the premium remained at a “report excessive stage”.
“This excessive stage has been retained due to the persevering with sturdy demand for copper merchandise in Europe,” she mentioned.
The transition to renewable power was creating extra demand, she added.
Copper on the LME was buying and selling round $9,900 a ton on Thursday. It has dropped 10% since hitting a report excessive above $11,100 in Might.
(By Pratima Desai and Michael Hogan; Modifying by Mark Potter)
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