December 4, 2025: Today, warrant prices were $30-46/mt, QP December, with the average price flat compared to the previous trading day; B/L prices were $42-54/mt, QP December, with the average price flat compared to the previous trading day. ER copper (CIF B/L) was $0-14/mt, QP December, with the average price up $4/mt compared to the previous trading day. Quotations refer to cargoes arriving in early to mid-December.
During the day, the trading center for ER copper moved higher compared to yesterday, and some ER warrant transactions were also heard. Some warrants were heard closed at $40-50, QP December; trading concentrated at $33-40/mt, QP December. Early December pyrometallurgy B/L were closed at $60-65/mt, with a small amount traded at $55/mt, QP January; early to mid-December ER B/L offers were heard at $0-10, and morning sessions heard December-arrival ER traded at $0-8, QP January.
