Tag: secondary copper market India
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India: Imported copper scrap prices rally w-o-w as LME rebound lifts sentiment
Chinese post-holiday demand revives global momentum Active short covering, tighter availability support domestic market Imported copper scrap prices in India moved sharply higher w-o-w, as assessed on 25 February, tracking a strong rebound on the London Metal Exchange (LME). Firm global cues, renewed Chinese buying after the holiday break and active short covering lifted both…