Tag: European copper scrap market
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India: Imported copper scrap tags increase as LME prices near multi-year highs; domestic supply tightens
Slow post-monsoon inflows, limited yard sales cap domestic supply Demand remains active ahead of smelters’ Diwali production runs Imported copper scrap prices in India saw an uptrend w-o-w, following a gain in London Metal Exchange (LME) futures, which hit a 16-month high and neared all-time high levels. Parallelly, domestic copper scrap prices increased w-o-w amid…