On the other hand, the prices of all brass scrap grades assessed by Fastmarkets rose in the week ended Wednesday December 9, continuing to gain strength after hitting more than two-year highs last week.
The most-active December-delivery Comex copper contract settled at $3.5135 per lb on Wednesday, rising by 0.7% from $3.489 per lb on December 2.
The high copper price has caused cash flow constraints for some companies, because “copper scrap has become an expensive item,” according to a...
