Tag: India: Copper scrap prices surge sharply amid LME rally; trades slow as buyers turn cautious

Spot liquidity dries up amid sudden volatility Market stability expected by early-mid January Indian copper scrap and CCR prices jumped sharply on a d-o-d and w-o-w basis on 29 December, tracking a strong rally in London Metal Exchange (LME) copper futures. However, spot market activity slowed as buyers and traders adopted a wait-and-watch approach following…