Copper premiums inch lower on slow European business.

The article reports on the decline in copper premiums during the week of July 6, 2012 amid thin trading activity and declining sentiment in Europe. On a weighted average basis, European copper premiums settled at 74.29 dollars per tonne. It notes that the fluctuating physical enquiries for cathodes reflect the price movements on the London Metal Exchange (LME). Weekly losses of two percent were recorded by three-month copper prices on the LME.