Tag: refined copper vs scrap

Indian copper scrap prices remained rangebound this week, following trends prevailing on the London Metal Exchange (LME) platform. Copper armature scrap was assessed at INR 788,000/tonne (t) ex-Delhi, while motors mix decreased by $20/t w-o-w to $1,150/t. LME futures were rangebound at $9,608/t compared with last week’s $9,610/t. Meanwhile, copper stocks at LME-registered warehouses stood at…