Chinese Stainless steel scrap prices gain on 9th June, 2015

Eldorado Gold announced on September 28 that its Skouries copper-gold mine in northern Greece has successfully completed permanent grid energization, following final inspection, testing and approval by the Greek transmission authority. The permanent connection replaces temporary on-site power used during early commissioning and provides the long-term electricity infrastructure required for continued plant ramp-up. Eldorado continues to target commercial production in Q4 2026. GlobeNewswire Skouries produced its first copper-gold concentrate on September 8, with crushing, grinding, flotation and concentrate/tailings thickening systems already operating. With permanent power now secured, attention shifts to increasing processing rates and achieving steady-state operations. The mine has an initial life of approximately 20 years and is expected to produce an average 67 million lb of copper annually, equivalent to about 30,400 tonnes, alongside 140,000 oz of gold over its mine life. The project represents one of Europe’s more significant new sources of copper supply, making its Q4 commercial-production milestone and subsequent ramp-up worth monitoring.

South Africa could further tighten regulation of its copper scrap trade after the South African Human Rights Commission (SAHRC) recommended mandatory cashless payments for all copper scrap transactions, with electronic payment records retained for at least five years. In a new policy brief released this week, the commission argued that cash reduces transaction traceability and allows stolen copper cable and other infrastructure metals to move more easily through apparently legitimate scrap channels. It therefore proposed amending the Second-Hand Goods Act to explicitly require cashless copper scrap trading. BusinessTech The SAHRC also recommended that the Financial Intelligence Centre monitor suspicious transaction patterns and report them to SAPS and ITAC, while urging the government to move forward with the proposed Second-Hand Goods Amendment Bill targeting cable theft and illicit scrap trading. Importantly, the cashless requirement is currently a policy recommendation rather than a newly implemented regulation. If incorporated into legislation, however, it would increase traceability and compliance requirements for South African copper scrap collectors, recyclers, traders and exporters.