Copper scrap No2 heavy copper & wire, dealer buying price, delivered to yard US, US cents/lb

Copper's versatile applications and robust demand shape a complex global market outlook for 2024, with stable prices in the US, a mild recovery in China, and weak conditions in Europe, while Q4 forecasts suggest upward price pressure.

Scrap processor TSR will supply aluminium flat-roller Novelis with high-grade European aluminium scrap that can serve as a “sustainable P1020 substitute,” a TSR executive told Fastmarkets on Thursday October 10.

Supply chains for battery and critical raw materials will reorganize themselves, with market efficiency superseding subsidies in supply chains, delegates heard at the recent Financial Times Mining Summit.