- Copper rises on Chinese supply shortage concerns
- Copper armature scrap prices drop in India
Base metals prices on the London Metal Exchange (LME) saw negative trends d-o-d, with aluminium decreasing by 1.03% to $2,592/tonne (t). Meanwhile, inventories at LME-registered warehouses saw negative trends d-o-d, except for nickel, which recorded a rise of 0.50%.
Domestic market overview
In India’s non-ferrous metals markets, BigMint assessed domestic copper armature scrap prices at INR 796,000/t ex-Delhi, down by INR 5,000/t d-o-d. Aluminium Tense scrap prices remained stable d-o-d, with ex-Delhi at INR 196,000/t and ex-Chennai at INR 199,000/t.
Other market updates
Darpa’s power project beams electricity without wires
DARPA has successfully tested its POWER programme, sending over 800 watts of electricity wirelessly across 8.6 km using laser beams. The system turns electricity into light, sends it through open air, and converts it back to power at the receiver.
This breakthrough won’t replace copper cables in grids but opens new possibilities. It could power drones in flight, support disaster relief, and run remote sensors without batteries or fuel trucks. DARPA’s next goal is bigger-using relays to deliver 10 kW across 200 km, combining traditional grids with wireless energy transmission.
Copper prices climb on Chinese supply concerns
Copper prices rose as worries over tightening supply in China, the world’s largest producer, outweighed weaker demand signals and market caution before the release of key US employment numbers. A rare decline in Chinese refined copper production, mainly due to new regulations impacting scrap supplies, intensified concerns about limited availability just as the peak consumption season
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