Tag: copper backwardation 2025

Pre-monsoon stockpiling boosts scrap procurement Strong backwardation seen amid US tariff expectations Indian copper scrap prices showed an uptrend this week, following trends prevailing on the London Metal Exchange (LME) platform. Copper armature scrap was assessed at INR 820,000/tonne (t) ex-Delhi, up by INR 17,000/t w-o-w, while motors mix stood at $1,200/t, up by 4.34%…