智利Codelco大幅上调2026年欧洲铜溢价至创纪录高位345美元/吨

Core Insights - Codelco, the state-owned copper company in Chile, is proposing to sell copper to its European customers at a record premium of $325 per ton for next year, marking a 39% increase from this year [2] - The premium set by Codelco is based on the London Metal Exchange (LME) contracts and is used as a global benchmark for copper, which is widely used in the power and construction industries [2] - The record-high premium is driven by concerns over potential copper supply shortages next year, which has recently pushed LME copper prices to a 16-month high of $11,000 per ton [2] - Freeport-McMoRan announced that its Grasberg copper mine in Indonesia faced force majeure due to a landslide incident, contributing to supply concerns [2] - Other mines, including Kamoa-Kakula in the Democratic Republic of Congo and El Teniente in Chile, have also experienced disruptions this year [2] - Aurubis, Europe's largest copper smelting company, is also expected to charge a record premium of $315 per ton for refined copper to its European customers next year [2] Industry Challenges - China's copper industry faces three major challenges: increasing reliance on foreign resources in the upstream sector, overcapacity in the midstream processing segment, and suppressed downstream demand due to high copper prices [2] - To assist the industry in navigating these changes, Shanghai Nonferrous Metals Network is collaborating with copper industry enterprises to compile a bilingual distribution map of the Chinese copper industry chain for 2026 [2]