SMM Analysis of Factors Behind Perceived Copper Scrap Shortages in 2022

SHANGHAI, Mar 23 (SMM) – SMM believes that the perceived tightness of copper scrap supply in the market in 2022 was not entirely due to the lack of supply, but rather caused by copper scrap sellers holding back their goods in response to the drop in copper prices and the pandemic situation. Moreover, the rapidly expanding demand for copper scrap magnified copper scrap supply tightness.