Tag: LME copper rally impact
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India: Copper scrap prices inch higher despite muted demand; recovery expected early next year
Pollution control measures impact scrap processing activity Exporters keep offers high, tracking recent LME gains Imported copper scrap prices in India moved higher w-o-w on 19 December, supported by positive momentum in London Metal Exchange (LME) futures. Domestic scrap prices also firmed up as market sentiment stabilised. Buying remained cautious, however, with LME’s brief move…