Codelco Said to Cut Japan, Korea Copper Surcharge in 2013
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Codelco, the world’s biggest copper producer, will cut the surcharge on sales to Japan and South Korea in 2013 by 8.6 percent, reducing the fee for a second year, before an agreement for China sales.
The premium for grade-A metal to Korea will decrease to $85 a metric ton from $93 this year, said two industry executives familiar with the matter, asking not to be identified as the terms are private. The 2013 fee for Japan will be at the same level, two industry executives said last week.