Author: Drishya Yadav
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India: Copper scrap, rods prices rise w-o-w amid concerns over mine related shortages
Domestic copper armature prices were assessed at INR 740,000/t exy-Delhi, reflecting an increase of 1.5% w-o-w. Copper futures on the London Metal Exchange (LME) recently hit a 4-month low, falling to $8,750/t. However, prices have since rebounded to $9,250/t, reaching levels seen in mid-July. Prices of secondary CCR rods (99%) were at INR 790,000/t ex…