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Metal Bulletin deputy editor Fleur Ritzema takes a look back at some of the key news and price moves from the past week.
An oversupply of copper cathode in the European market, the slide in the euro and a recovery in construction have all contributed to a steady loosening in discounts offered for copper scrap in recent months, market sources told Metal Bulletin sister publication Copper Price Briefing.
China’s copper scrap supply has eased slightly compared with earlier this year as prices of the red metal have risen.
European secondary aluminium producers are reporting the highest prices seen in the market since 2006 as demand continues to comfortably outpace supply.
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