The spread between copper scrap and refined copper is at its widest since December 2019 due to ample availability after shipping lines stopped handling scrap cargoes bound for China this month.
Fastmarkets assessed the copper scrap No2 copper (birch/cliff) imported into China 94-96%, LME/Comex discount, cif China at 34-40 cents per lb on Monday September 28, compared with 32-36 cents per lb a month earlier."Demand for copper scrap in China, particularly for higher...