LONDON, Oct 7 (Reuters) - Europe's biggest copper
smelter Aurubis will charge European customers a
premium of $315 per metric ton for copper next year, three
market sources said on Tuesday, a record high for the German
company.
The premium is paid on top of the London Metal Exchange
copper price and is up 38% from $228 a ton in 2025 and the
previous two years.
Aurubis declined to comment.
The record high premium comes amid fears of a copper supply
shortage next year that pushed LME copper prices to a
16-month high of $10,800 a ton on Monday.
Miner Freeport-McMoRan ( FCX ) last month declared force
majeure at its Grasberg mine in Indonesia after a deadly
mudslide, while there has also been disruption at the
Kamoa-Kakula mine in the Democratic Republic of Congo and at
Chile's El Teniente mine.