The copper market is currently experiencing a squeeze on physical metal which is unexpected.
Aurubis Mining News
This compares to $86 per tonne in both 2018 and 2017.
EU antitrust regulators on Wednesday voiced concerns about German Wieland's bid for copper smelter Aurubis' flat-rolled products business, saying the deal may hurt competition.
Production of copper cathodes (new metal) in the second quarter rose to 291,000 tonnes from 288,000 tonnes.