Lower copper price could limit scrap availability, Aurubis says

Low prices for copper in the international markets could reduce the availability of copper scrap, European producer Aurubis said in a results statement for the October-December 2018 quarter, published on Wednesday February 13.

The multi-metal company expected the copper scrap market to be fundamentally stable, it said. But the current low metal prices could lead to reduced copper scrap supplies and thus to lower refining charges. London Metal Exchange three-month copper prices have risen by 2.6% so far this year to around $6,127 per tonne, but have not risen above $6,400 per tonne since tumbling from more than $7,000 per tonne last June. The Asian...

Published

Archie Hunter

February 13, 2019

14:20 GMT

London