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Tight secondary copper supply as higher copper prices drove sellers to hold back cargoes
May 18,2021 09:14CST
SMM Insight
Source:SMM
Suppliers of secondary copper held onto their cargoes early last week when copper prices surged, tightening supply noticeably. Traded prices of #1 bare bright copper rose sharply, resulting in a sharp decline in the price spread between copper cathode and copper scrap.
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Secondary copper
Copper scrap

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