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Chile's codelco offers Chinese copper buyers 2023 supply at premium of $140 per tonne - sources

Kitco News

BEIJING, Nov 8 (Reuters) - Chile's Codelco, the world's biggest copper miner, has offered Chinese customers annual copper supply for 2023 at a premium of $140 a tonne, according to two sources with knowledge of the matter.

The offer, which is up 33.3% from $105 a tonne offered for this year, is paid on top of London Metal Exchange copper prices for physical delivery of copper cathodes into China, the world's top copper consumer, and is a widely watched industry benchmark. Codelco declined to comment when contacted by Reuters.

(Reporting by Siyi Liu in Beijing and Mai Nguyen in Hanoi, Editing by Louise Heavens)

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