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Base Metals Remains Lower On Weak Global Cues Indopia
The price of copper was around 2 a pound, and scrap dealers were paying about 1. Yesterday, the price of copper was more than 3 a pound last summer, but it plummeted this winter with scrap dealers paying less than a dollar a pound. Yesterday, the price of copper was more than 3 a pound last summer, but it plummeted this winter with scrap dealers paying less than a dollar a pound. Yesterday, the price of copper was more than 3 a pound last summer, but it plummeted this winter with scrap dealers paying less than a dollar a pound.
Signs of the governments stockpiling agency, the state reserves bureau, stepping back from the market caused the copper price to wobble in the last two weeks, with many asking the same question how long can china keep supporting the world. As well as demand, refined copper imports have been driven up by a shortage of an alternative source of metal copper scrap. although the rise is significant month on month.
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